Colombian fintech Avista raised $10M in a private credit deal from global asset manager Ninety One, marking its first investment in Colombia. The deal was structured by The Rohatyn Group
Avista offers payroll-deducted loans and insurance to pensioners and salaried workers, using a tech-driven model to reach people excluded from traditional banking.
Avista will use the funds to grow its loan origination for underserved retirees in Colombia.
“This investment reflects our conviction in Avista’s ability to scale sustainably, expand access to credit for underserved communities in Colombia, and deliver strong, impact-driven returns for our investors,” said Melissa Ventura, Director of Emerging Markets Alternative Credit at Ninety One.
Founded in 2019, Avista has originated over $450M in loans to date.