SStartup Funding

Blanco raises $5.2M seed round led by Krealo

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Chilean fintech Blanco raised a $5.2M seed round led by Krealo, the corporate venture capital arm of Credicorp.

Founded in 2024 by Cristóbal Contreras, Diego Contreras, and Andrés Hortal, Blanco provides AI-powered factoring for small and medium-sized businesses. Its platform connects to Chile’s Internal Revenue Service (SII), automatically identifies new invoices, assesses risk, prices financing, and sends funding offers through WhatsApp. Businesses can accept or negotiate offers without human intervention. Financing starts at $200 with no maximum limit.

With the funds, Blanco plans to add leasing, installment loans, guarantee policies, credit cards, and business accounts to its platform.

Blanco employs 66 people, generates $8.4M in annualized revenue, and has financed more than $33B in invoice volume.

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Araceli is a marketer and has been a volunteer and organizer of Hackathons, Startup Weekends, and H/F Community. She's currently PR Manager at Magma Partners, where she helps startups to develop communication strategies in the United States and Latin America.

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