IFC proposes $5m fund commitment

The World Bank Group member continues to facilitate TMT sector in Southeast Asia region.

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International Finance Corporation (IFC) proposes to invest $5 million in Wavemaker Partners’ second Southeast Asia-focused fund.

Wavemaker SEA Fund II targets $50 million of capital and invests in early-staged TMT businesses related to B2B and B2B2C operations in Southeast Asian countries, including the Philippines, Malaysia, Thailand, and Indonesia.

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