According to a study, the Chilean Fintech ecosystem has experienced growth, reaching 348 active startups in 2024, an increase of 16% per year. These are encouraging figures that draw the attention of players from other countries who come to the country to continue boosting the industry.
The report also estimates that there are around 137 foreign startups operating in the country. Thus, the Fintech market in Chile stands at more than 485 companies.
With an encouraging outlook and in view of expanding its business model to other countries, Alprestamo, a marketplace for financial products in Latin America dedicated to connect people and companies with financing options in a fast, secure and personalized way, has announced its arrival in the Chilean market.
With the aim of addressing the barriers faced by many people who do not have a solid credit history or are not served by traditional channels, this fintech originally from Argentina, comes with a proposal that promises to transform the way people access financing.
For its incursion into Chile, Alprestamo announced an initial investment of US $1.5 million, money that will be allocated mainly for technological development, strategic alliances and innovative solutions adapted to the local market, offering a greater diversity of access to financial products.
The company, which is currently valued at $40 million, made a strategic alliance with CFC Capital, a financial services company present in the market since 2003, which will be a key partner to develop solutions aligned with the particularities of the Chilean financial ecosystem.
“Chile is well positioned to become a regional leader in financial innovation. This makes the country an ideal place for expansion, as the Chilean financial sector is quite advanced and receptive to new technologies and business models” Pamela Martinez, Country Manager of Alprestamo in Chile, told Contxto.
The Fintech projects accelerated growth in the Chilean market, with the expectation of reaching 2.5 million active users in its first two years of operations. This milestone is part of a broader expansion strategy in Latin America, where it already has operations in countries in the region such as Argentina, Uruguay, Mexico, Peru, Colombia and the Dominican Republic.
Among its functionalities, it offers users the possibility of comparing and accessing products such as personal loans, credit cards and bank accounts in a matter of seconds, promoting financial inclusion and democratizing access to services that have traditionally been limited.
“Alprestamo allows its users to access financial options in just 10 seconds after completing a simple form. This speed, coupled with the personalization of the products offered, is one of the main factors that differentiate Alprestamo from the competition, offering a more agile experience tailored to the needs of each user,” added Martinez.
The platform has more than 100 banks included and operates in seven Latin American countries, where it has managed to consolidate a base of more than 5.7 million users in its seven years of experience.
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