ESIP Liftit 2018 (IFC-41635)

Countries
  • Colombia
  • Mexico
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
B
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
Aug 10, 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
LIFTIT S A S
The holder of the loan, grant, or other investment.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.00 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 Jul 16, 2018

Disclosed by Bank Jul 13, 2018


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Project Description

Liftit (the “Company”) is an asset-lite, B2B e-logistics technology startup, that provides affordable and efficient urban cargo delivery services from distribution centers to retail stores or to end consumers. The Company, headquartered in Bogota, Colombia, was founded in 2016 by American and Colombian serial entrepreneurs Brian York, Angel Celis and Felipe Betancourt. The proposed IFC investment (“Project”) consists of an equity minority stake to support Liftit’s expansion into Mexico and further buildout of a sales and technology team.

Investment Description
  • International Finance Corporation (IFC)

The Company was founded by Brian York, Angel Celis, and Felipe Betancourt.

To date, the Company has raised a Seed Round from venture firms, corporates and various angel investors.

Private Actors
Contact Information

For inquiries about the project, contact: 

Liftit SAS 
Felipe Betancourt 
Co-founder, VP of Biz Dev 
+57 (031) 716-2808 
hola@liftit.co 
Bogotá, Colombia, Carrera 17a # 127a-58 
Liftit.co 

 

For inquiries about the IFC, contact:

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

 

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/