bySara Delgado October 2, 2024 No comments 1 minute read Colombian fintech ExcelCredit raised $50M in funding from Japanese bank Nomura. “With the funds and the launch of our first social ordinary bond issuance on the Colombia Stock Exchange (BVC) for $100B on May 29, we reinforce our commitment to supporting our ‘Silver’ population — […]
ExcelCredit raises $50M from Nomura Leer más »
byMatheus Tomé September 25, 2024 No comments 1 minute read Colombia fintech AgriCapital raised an undisclosed debt amount from Grupo AlphaMundi’s investment fund SocialAlpha-Bastion (SAIF). AgriCapital will use the funds to extend additional loans to local farmers. “By leveraging these funds to issue new loans, we are not only supporting individual farmers but also contributing
AgriCapital secured debt financing from Grupo AlphaMundi Leer más »
byAraceli Dominguez September 10, 2024 No comments 1 minute read This week’s Espresso covers news from Mercately, Vetwork, Puntored, and more! Outline of this episode: [00:27] – Comun secures $21.5M in Series A funding [00:41] – Bia Energy secures $10M credit line [00:56] – Mercately raises $2.6M pre-seed round [01:18] – Puntored raises $2M from
bySara Delgado August 28, 2024 No comments 1 minute read Salvadoran fintech Ábaco raised $4M in a pre-seed round. Investors include Caricaco Ventures, Cacao Capital, Innogen Capital Ventures, Invariantes Fund, Mercy Corps Ventures, and Bridge Latam, among others. With the funds, Ábaco will be able to lend to more SMEs and expand into new markets.
Ábaco raises $4M pre-seed round Leer más »
byMatheus Tomé August 5, 2024 No comments 1 minute read Mexican fintech Aviva raised a $5.5M seed round with investments from Credicorp’s VC arm Krealo, Ignia Partners, Carao Ventures, Rainforest Capital, DCG, Wollef, Newtopia, 500 Global, and Magna. Aviva offers a network of kiosks where an AI-powered video bot delivers real-time credit approvals to underserved
Aviva raises $5.5M seed round Leer más »
Mexican fintech Digitt secured $50M in debt from CoVenture. This is CoVenture’s first direct investment in Latin America. With the funds, Digitt will expand its debt refinancing product, aiming to triple its loan book in the next 12 months. The fintech also plans to broaden its product offerings. Digitt specializes in refinancing personal debts with
Digitt raises $50M from CoVenture Leer más »
bySara Delgado July 8, 2024 No comments 1 minute read Brazilian fintech Alume raised $7M in a round led by Japan’s Credit Saison in the fund’s first investment in higher education financing in Brazil. With the funds, Alume will provide more loans to medical students and newly graduated doctors Alume offers student loans to medical
Brazilian fintech Alume raises $7M Leer más »
byRegina Pernaz June 19, 2024 No comments 1 minute read Mexican fintech Finsus announced that it purchased Distrito Pyme‘s platform and technology to launch Digital Credit Pyme. With the acquisition, Finsus seeks to enter the digital lending market for SMEs in Mexico. Distrito Pyme’s platform helps Mexican SMEs apply for credit in a fast and
Finsus acquires Distrito Pyme and launches Digital Credit Leer más »
byHellen Villena May 15, 2024 No comments 1 minute read Mexican BNPL fintech Aplazo raised a $45M Series B led by QED Investors. Volpe Capital, Oak HC/FT, Kaszek, and Picus Capital also participated. This round follows their $27M Series A in November 2021, totaling $100M in equity and $75M in debt raised to date. Aplazo
Aplazo lands $45M in Series B Leer más »
Ziff, a Mexican fintech specializing in B2B financial services in Latin America, acquired digital lending company Arrenda. Ziff provides revenue-based financing tailored to businesses with recurring revenues, especially for those without a credit history. Ziff’s model provides liquidity by funding up to 36 months of receivables. Arrenda’s product, Adelanta, employs proprietary risk algorithms that allow
Mexican fintech Ziff acquires Arrenda Leer más »
Mexican fintech R2 partnered with TUU to launch TUU Crédito, a credit solution for SMEs in Chile. This initiative introduces a flexible repayment structure based on a percentage of the business’ monthly sales. “With this partnership, we aim to become a strategic partner that brings a full suite of financial solutions that help businesses to
R2 partners with TUU to offer a credit solution for Chilean SMEs Leer más »
