Finkargo raises a $95M Series A extension round

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Colombian fintech Finkargo raised $20M in equity and $75M in debt in a Series A extension round led by QED Investors and CIM. Quona, Flybridge, Nazca, Maya, and OneVC also participated in the round.

Finkargo will use the funds to enhance complementary service offerings, like financing fleets and shipping insurance, aiming to triple the size of its operations.

“We are developing tech tools that simplify international commerce and reduce risks, connecting Latin America with the global value chains,” said Santiago Molina, Finkargo’s Co-Founder and CEO.

Finkargo offers SME importers fast credit through a simple application process using imported goods as collateral. It also offers services like shipment tracking and supplier evaluation to support clients throughout the process.

Founded in 2021, Finkargo has a client base of 450 clients in Colombia and Mexico and has facilitated over 4,000 importing operations.

Read more on Forbes.

Felipe is currently an investment intern at Magma partners while he finishes his business administration studies at CESA university in Bogotá. He was the first employee of Colombian proptech Duppla, where he fell in love with startups and their potential to solve Latam’s biggest problems

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