Original disclosure @ IFC website
Updated in EWS Jun 7, 2019
Disclosed by Bank May 31, 2019
Can you contribute information about this project?
Contact the EWS Team
Revelo (“the Company”) is a recruiting technology company that helps businesses across Brazil to efficiently hire knowledge workers (professional level employees) in various sectors including finance, marketing, business intelligence, and IT. The Company facilitates the hiring process through the use of its full-stack online marketplace where employers interact directly with job candidates to source, interview, and hire new employees. Revelo reduces the time needed to hire knowledge workers and provides its service at a fraction of the cost of its competitors. The proposed IFC investment (“Project”) consists of a minority equity stake to support Revelo’s expansion across Brazil.
(i) Job Creation: Revelo will facilitate the placement of thousands of professionals in new jobs across Brazil, helping both SMEs and large enterprises alike to improve their productivity.
(ii) Hiring Equality: The Revelo platform helps to reduce hiring biases, thereby allowing women and other minorities to have a higher likelihood of getting hired.
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/