IGNIA and Axial to Jointly Invest in Brazil

by Dave

The BoP in Brazil constitutes 65% of its population, representing approximately 110 million people, making it a priority for all of us seeking to catalyze change in Latin America, said Alvaro Rodriguez Arregui, Co-founder and Managing Partner of IGNIA. We are tremendously excited at the opportunity to deploy in this market in collaboration with professionals whom we first got to know through our respect for their work.

Axial is dedicated to creating a more sustainable world through investments that yield both social value and economic returns. Therefore, engaging in high-impact market solutions for the needs of the vastly underserved majority of Brazil is a natural extension of our work, said Andre Vitti and Paulo Bellotti, partners at Axial. We can now do so with full access to IGNIAs extensive expertise in business at the BoP.

The collaboration with Axial marks IGNIAs first endeavor into a Latin American market outside of Mexico.

Founders of ACCION International, the Latin American microfinance player, had a hand in founding IGNIA.

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