Peruvian fintech Leasy raises $28M Series A

Peruvian Fintech Leasy raised a $28M Series A round in equity and debt. The round was led by Magma Partners with Entangle Group, DeBa Ventures, Noa Capital, and Grupo CAPEM, also participating alongside other investors from Latin America, the US, and Europe.

This funding will help Leasy increase its sales, streamline its operations in Mexico and Peru, and develop new financing options for different types of vehicles. Leasy plans to provide over 500 individual loans in Peru and loans worth $1M to $1.5M monthly in Mexico.

“We first met Leasy’s team when they were operating in Peru. Many of Leasy’s customers end up earning more money and living better, so we are excited to support their growth in Latin America with this investment,” said Nathan Lustig, Managing Partner of Magma Partners, to Forbes.

“The most interesting aspect of this round is that we’ve managed to attract investors who were not familiar with the region but decided to bet on it thanks to our business model,” explained CEO and co-founder Gregorio Gilardini.

Leasy offers financing to ride-hailing drivers in Latin America via a subscription model. In 2023, Leasy increased its loan placements and revenue by over 100% in Peru while remaining profitable.

Read more on Forbes Perú