Finaktiva, a Colombian fintech, announced the acquisition of Libera to strengthen its presence in the fintech market.
Finaktiva is a leading fintech for SMEs in Colombia. The startup provides services such as credit solutions, billing, insurance, and financial management tools.
The fintech raised an $8M funding round earlier this year.
Libera is a fintech company specialising in billing and online payments.
Pablo Santos, CEO of Finaktiva, said that the new acquisition positions the fintech as the leading player in the Latin American fintech sector. The startup will now be able to offer improved services and payments solutions to SMEs throughout the region.
“In Colombia, billing and invoicing services have only been available to large companies and it was very difficult to provide these services to SMEs. With Libera, Finaktiva will be able to bring this technology to more companies,” said Santos.
Read more on Latam Fintech Hub.
