Roojai (IFC-40653)

Countries
  • Thailand
Where the impacts of the investment may be experienced.
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
Proposed
Bank Risk Rating
FI
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
Jul 31, 2018
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.
Borrower
ROOJAI COMPANY LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 7.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 15, 2019

Disclosed by Bank Jun 22, 2018


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Project Description

IFC invests in Roojai, a licensed online insurance broker in Thailand. According to IFC, "Roojai is focused on motor insurance with plans to diversify into other policy lines over time. Roojai is introducing both sophisticated risk-based underwriting practices and new policy features to the Thai marketplace. The business plans to ramp up its online customer acquisition and enlarge its policy book."

Investment Description
  • International Finance Corporation (IFC)
Private Actors

A local Thai investor, and Primary Group own the Company. Primary Group is a privately-owned holding company that partners with entrepreneurs to fund, develop and build insurance technology businesses. Roojai partners with local insurer Krungthai Panich Insurance.

Roojai is a licensed online insurance broker in Thailand that began operations in 2015.

Contact Information

Nicolas Faquet
CEO
+66 03-303-0311
nicolas@roojai.com
4/222 Harbour Mall Building (Moo 10), Sukhumvit road, Thungsukla, Sriracha, Chon Buri 20230 Thailand
www.roojai.com

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 CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/