Latamlist roundup January 15th – 31st: Finbra secures $2.3M credit facility

Welcome to the LatamList roundup! Discover the top highlights from the last two weeks in Latin America’s startup scene, including expansions, partnerships, and product launches.

In the last weeks, we saw increasing activity in Mexico and Colombia, where we witnessed important launches and partnerships.

Partnerships

1. TraderPal, a Costa Rican trading app, launched Mastercard debit and credit cards in collaboration with PayCaddy. Read more at Startups Latam. 
2. Palenca, a Mexican open finance payroll API that allows workers to share their employment records, partnered with Falabella. The partnership aims to improve credit scoring and offer more suitable products to people with no credit history. Read more at Latamfintech Hub.
3. Agree, an Argentinian Lending as a Service startup focused on the agriculture sector, announced a partnership with Santander to streamline credit access for farmers. Read more at Latamfintech Hub.

Expansions

1. Altum Lab, a Chilean AI-based software that measures the quality of raw materials  to reduce product variability within the mining, agriculture, and manufacturing industries, announced its expansion to Peru. Read more at Chile Global Ventures.

Launches

1. Guamacard, a Colombian fintech focused on serving underserved populations, launched a credit card for Non-Credit History Individuals. Read more at Contxto.
2. Wompi, a Colombian payment gateway, launched a payment app with real-time transaction management for merchants. Read more at Contxto.
3. Finsus, a Mexican fintech app that provides saving and investment solutions, launched a debit card with no commissions or minimum balances. Read more at Latamfintech Hub.

Other

1. Finbra, a Mexican fintech that offers credit solutions for SMEs, secured a $2.3M credit facility from Protección Patrimonial Unión de Crédito. Finbra will use the funds to grow its team and consolidate its presence in the country. Read more at Latamfintech Hub.