The Colombian fintech Avista has raised $6M via bonds on the Colombian Stock Exchange, which were rated A+ by Fitch Ratings. The company announced on September 2021 that it would be issuing bonds for approximately $10.7M.
Avista provides access to financial products to every person through simple digital solutions.
The company offers payroll-deductible loans to pensioners, teachers, and members of the military forces. Their technological innovation allows them to develop products at better prices and agile disbursement mechanisms to improve customer experience.
The “silver economy” is the segment of products and services that the population of over 60 years consumes, which has become only recently highly relevant for countries’ economies.
Avista’s goal is to bring financial inclusion through payroll-deductible loans so that Colombian pensioners can accomplish their dreams. The resources raised through the issue of bonds will be used by Avista to originate loans for this segment of the population in Colombia.