Posted inEcuador, News, Venture Capital

AltScore Raises Capital to Make Credit Available to Everyone

AltScore is an Ecuadorian fintech that enables its clients to offer loans to any individual or small and medium-sized enterprise (SME), including those who do not have a credit history because they are outside of the traditional banking system. The company recently announced an investment by Kamay Ventures for an unspecified amount. This is Kamay’s […]

Posted inBrazil, News

Inventa Raises US$20 Million To Improve Inventory Purchasing by Brazilian SMEs

Inventa, the platform that offers small businesses a simple way to buy inventory through technology, data and credit, raised a US$20 million Series A round. It was led by Andreessen Horowitz and Monashees. Also participating in the round were Founders Fund, Greenoaks, Greylock, Tiger Global and angel investors such as Hans Tung and Carlos Garcia […]

Posted inMexico

Oyster snags historic seed round to bring financial services to SMEs and freelancers

Contxto – Mother of pearl! Fintech Oyster is raising one of Latin America’s biggest seed rounds yet. Today (10) the startup announced it snagged US$14 million in a round co-led by SV Latam Capital and Monashees. Fintech Collective, Kevin Efrusy, Redpoint eventures, S7 Ventures, and Ulu Ventures also pitched funds. [wd_hustle id=”InArticleOptin” type=”embedded”/] Fintech Oyster […]

Posted inColombia

Finsocial raises US$20 million in debt financing to dish out more loans in Colombia

Contxto – Households across Colombia are scrambling to make ends meet with improvised businesses, pawnshops, and of course, requesting loans. To (hopefully) add some relief on that end, Finsocial got COP$76 billion (~US$20 million) in debt financing. Swiss Symbiotics procured the funds which will be channeled towards the fintech’s increasingly diverse lending solutions. Finsocial in […]

Posted inColombia

Sempli to launch digital-first credit card for startups and SMEs. Good credit or bad credit?

Contxto – Running a small business can be anything but simple.  So fintech Sempli is stepping in with Sempli Business, a digital-first credit card for startups and SMEs (small and medium-sized enterprises) in Colombia. This news comes at a time where accessing cash and lending solutions are increasingly difficult for small entrepreneurs. Sempli expands its […]