Trii, a fintech that wants to do in LatAm something similar to what the RobinHood app did in the US – to allow anyone to invest in stocks from a smartphone -announced the raise of US$3 million from Bancolombia. Although the terms of the round were not disclosed, the bank said that it became a shareholder of the company, so it is assumed that the funds (or a good part of them) correspond to equity, not debt.
To date, Trii’s most important capital raise remains its US$5.5 seed round led by Global Founders Capital a year ago.
Quoted in the Colombian financial newspaper La República, Bancolombia’s vice-president of innovation and sustainability, Cipriano López, said that they are “pleased to promote the work that Trii has been doing to bring the possibilities that exist in the stock market closer to all types of investors, as together we will contribute in a tangible way to boosting the stock market sector.”
In the same media, the CEO and co-founder of Trii, Esteban Peñaloza, said that adding Bancolombia as an investor fills them with pride. “It reinforces our commitment and mission to democratize access to the stock and financial markets in Latin America,” he added.
According to data from the startup, which went through the Y Combinator accelerator in 2021, they now have 150 thousand users by adding its three markets. In addition to being able to invest in the local stock exchanges where it operates—Colombia, Peru, and Chile—people can invest in global companies and other financial instruments.
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