Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Blue Like an Orange finances Cabify to boost safety in ride hailing in Latin America

ImpactAlpha, February 12 – Blue Like an Orange Sustainable Capital, the debt fund founded by former World Bank officials to finance the Sustainable Development Goals, has closed its second deal (see, “Blue like an Orange’s first loan goes to small-business lender Produbanco in Ecuador).

Cabify, founded in Madrid, operates in 10 Latin American countries as well as Spain and Portugal. Blue Like an Orange’s Suprotik Basu told ImpactAlpha that Cabify committed to measure improvement in road safety and carbon reduction, and to improve safety for women riders and to hire women as drivers.

The fund committed $30 million in mezzanine debt to go with $40 million from IDB Invest, an arm of the Inter-American Development Bank. For growing businesses, such “structured financing” can bridge the gap between equity investment and commercial debt.

  • Agent of Impact. The former chief financial officer of the World Bank, Blue Like an Orange’s Bertrand Badré published a book last year, “Can Finance Save the World?” Follow ImpactAlpha on Instagram.

You might also like...