Descomplica (IFC-40537)

  • Brazil
Where the impacts of the investment may be experienced.
Specific Location
Rio de Janeiro
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 15, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Dec 5, 2017

Disclosed by Bank Nov 28, 2017

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Project Description
Descomplica Limited (“Descomplica” or the “Company”), based in Rio De Janeiro, Brazil, was established in 2012, and is a technology company focused on creating educational solutions for students across the education system. The Company is focused on leveraging technology as it scales rapidly and has had initial success preparing students for the Exam Nacional do Esino Médio (“ENEM”). The proposed investment (“Project”) consists of up to US$5 million in equity for a minority stake to support the expansion of the Company’s service offerings and further technology development.
People Affected By This Project
Improve Learning Outcomes: Descomplica's pedagogical practices help enable enhanced learning outcomes for its users. Democratize Quality Education in Brazil: The Company's technology platform is able to reach millions of students throughout Brazil, providing supplementary educational solutions at affordable prices to improve learning outcomes. Employment Generation: The Company currently employs 210 people in its direct operations. It intends to keep growing its business and is expected to increase its work force further over time.
Investment Description
  • International Finance Corporation (IFC)
Private Actors
The Company is founded by Marco Fisbhen. The Company’s investors also include leading private equity and venture capital investors such as Social Capital, Amadeus Capital, and Valor Capital Group.
Contact Information
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at You can learn more about the CAO and how to file a complaint at