Colombian fintech startup Loto raised a $1M pre-seed round with participation from Fen Ventures, Crestone VC, QAPU Ventures, and Desygn Capital.
Founded in May 2026 by Daniel Camacho and Pedro Ignacio Morales, Loto offers SMEs a platform that combines debit and credit cards with accounting software. The tool automates expense reporting, provides real-time visibility, and reduces fraud risks. It also issues corporate incentive cards powered by Visa to simplify employee benefits.
Loto will use the funding to expand operations in Colombia, aiming to reach 500 clients by the end of 2025, and to prepare for entry into a second market in 2026.
Loto already serves more than 100 clients, including Amarilo, Stilotex, Creditop, and KTM Powershop.
Read more on Forbes Colombia
