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Finaktiva is a Colombian fintech that provides a digital platform for managing cash flow and growth financing for businesses, offering loans, factoring, international factoring, and supply chain finance. Its core product combines traditional financing with an all-in-one platform that connects invoicing, accounting, and bank accounts in real time to show accounts receivable and payable and to centralize supplier payments, while integrating Radian, Colombia’s electronic invoice registry, for invoice discounting. It differentiates itself by delivering a full suite of financing options in a single, real-time financial management platform that serves both SMEs and large enterprises across multiple sectors. Its goal is to help businesses optimize liquidity and growth and to expand regionally, with plans to launch in Peru in 2025.
Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$57.4M
Headquarters
Medellín, Colombia
Founded
2017
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Total Funding
$57.4M
Above
Industry Average
Funded Over
7 Rounds
Colombian fintech Finaktiva raised $10M in debt financing from BBVA Spark.
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.Fintechs dominated the headlines of the second half of January, with activity from Chilean, Colombian, and Mexican startups. Here are the launches, expansions, partnerships, and other news we saw over the last two weeks.LaunchesChilean neobank MACH launched a digital credit card. Read more on LatamFintech Hub.ExpansionsColombian credit and factoring fintech Finaktiva expanded to Peru, where the factoring market is three times bigger than in Colombia’s. Read more on LatamFintech Hub.PartnershipsMexican open finance platform Belvo partnered with J.P. Morgan Payments to automate recurring payments in Mexico via direct debits. Read more on LatamFintech Hub.OtherChilean proptech Buydepa will list its stocks in ScaleX, an alternative platform owned by the Santiago Stock Exchange for startups and scale-ups looking to raise funds
Welcome to the LatamList roundup, your bi-monthly summary of the Latin America startup scene.The first half of April was packed with activity for fintechs across LatAm. Here are the product launches, partnerships, and expansions we saw in the last two weeks.PartnershipsColombian fintech Wioba closed a partnership to integrate 123Seguro‘s car insurance policies into its wealth management platform, allowing its 51k users to choose the most suitable policy for their vehicle type, usage, and budget. Read more on LatamFintech Hub.Nubank and Wise announced they have partnered to launch a global account in Brazil, allowing Nubank’s Ultravioleta customers to sign up in advance for instant currency conversion to dollars and euros with lower fees, free international ATM withdrawals, and complimentary internet access while traveling abroad. Read more on LatamFintech Hub.Uruguayan cross-border payment platform dLocal (NASDAQ: DLO) partnered with Papaya Global to facilitate global workforce payments across emerging markets, starting with Chile, Colombia, and Mexico in Latin America, and multiple countries in Asia and Africa. Read more on Electronic Payments International.Payment processor Bamboo Payment closed a partnership with fintech Nequi, allowing Bamboo’s 19 million users in Colombia to use Nequi as an instant payment method. LaunchesFinaktiva, a Colombian SME financing platform, has launched a centralized financial management solution enabling businesses to monitor their invoices, instantly consolidate financial records, and manage supplier payments in one place. Read more on LatamFintech Hub.OtherDapta, a no-code platform for API and AI integrations, secured $1.2M in a pre-seed round led by Fen Ventures and LatinLeap to enhance product development, expand into the US market, and democratize AI for SMBs
This marks a significant year with a 61% increase in revenue and a 34% rise in the number of disbursements. Pablo Santos, co-founder and CEO, attributes this remarkable success to the company’s strategic focus on key products such as factoring and the innovative Finaktiva as a Service (FaaS) platform, as well as the seamless integration of its comprehensive solutions including lending, Supply Chain Financing (SCF), and cash management services.Throughout the year, Finaktiva not only achieved financial growth but also reinforced its commitment to sustainable business practices by obtaining B Corporation recertification. Additionally, the company launched an Advisory Committee program specifically designed to support female entrepreneurs in their strategic and sustainable growth endeavors. Santos further extended his leadership within the industry by taking on prominent roles in the Andi Del Futuro board and Ruta N.Despite the economic challenges faced globally, Santos emphasized Finaktiva’s steadfast belief in the pivotal role of businesses in driving the country’s economy. The company remains dedicated to supporting Colombian entrepreneurs and SMEs, viewing this support as crucial for economic growth, market stability, and wealth creation.Looking forward, Finaktiva sets its sights on doubling its growth, internationalizing its product offerings, and establishing itself as a strategic ally in cash flow management for SMEs. In 2024, the fintech aims to expand its international product portfolio and solidify its position as a key player in the Latin American business ecosystem
The fund (FCP SURA Private Debt Fund) has entered into an agreement with the Colombian fintech company Finaktiva.
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Industries
Enterprise Software
Fintech
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$57.4M
Headquarters
Medellín, Colombia
Founded
2017
Find jobs on Simplify and start your career today