IFC announces $225 million platform that will support early-stage startups across Africa, Asia, Middle East
The IFC announces $225 million platform that will support early-stage of their development in Africa, Middle East, Central Asia, and Pakistan. The IFC is one of the members of the World Bank, will through the platform invest in capital and "equity-like" funding for tech startups in order to "grow their businesses into sustainable ventures which can be able to draw large-scale capital and debt financing." The bank stated in a statement it would also make use of the platform that is sector-neutral to collaborate alongside other participants of the World Bank to champion for regulatory reforms, sector studies and other…