Investment

Destacame raises $3M in a series A round led by Fen Ventures

LatAm ListDestacame, a Chilean-based personal financial management platform, announced that it has closed a $3M series A round of funding from Fen Ventures, Accion Venture Lab, and Mountain Nazca. The new investment will help the startup scale its operations in Mexico, reinforce its leading position in Chile, and continue developing its financial products.

“At Destacame, we are committed to helping the financially underserved gain access to credit and other formal financial products. We’re excited to bring on Fen Ventures as our newest partner, and we look forward to continuing our work with Accion Venture Lab and Mountain Nazca, who have been great supporters since the beginning,” said Sebastian Ugarte, Founder and CEO at Destacame.

Destacame currently has over 1.3 million users across Chile and Mexico and seeks to empower underserved individuals to build their financial capabilities and eventually access better financial products through their intuitive and simple platform.

Read more on LAVCA.

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