Chilean Fintech Levannta Secures 8m Credit Line Boosting Expansion Growth
Levannta, a Chilean fintech established in 2022, closed the year with a significant capital boost, garnering $2.5 million in equity from Manutara Ventures and securing an $8 million debt line from Ameris Capital.
The firm enables businesses to leverage 12-24 months of contract values today, facilitating investment in growth through customer portfolio valuation. This capital injection stems from Levannta’s participation in Manutara’s online scaling program, culminating in a successful pitch in Miami, attracting further investment from initial investors Pablo Verdugo and Pablo Cisternas.
Astaburuaga highlights the equity round and debt line as key achievements aligning with 2023 goals, setting the stage for a robust 2024. With a fivefold increase in clients from 50 to 250 in just one year, the capital will support customer development, strengthen the origination, marketing, and sales team, and advance internationalization plans. Initially focusing on consolidating the Chilean market in the first half, Levannta aims to expand across the region later in the year, marking a significant step in its growth trajectory.
