Colektia raises $4.2M for Latin America expansion

LatamListColektia, a Chilean fintech, raised a $4.2M Series A funding round led by Angel Ventures together with Mountain Nazca, Kayak Ventures, Fen Ventures, and Devlabs.

Colektia is the first Latin American digital collections platform using AI that helps financial institutions create new billing and collection models. The AI software, Cobranza Intelligente 4.0, facilitates a new, more efficient and less invasive method of billing and collection for companies.

Colektia is only two years old and already has clients in five countries across Latin America. The startup was part of the Start-Up Chile 2018 and was recently selected for the Google for Startups accelerator program.

“Colektia plays in a huge, global market that continues to be managed with outdated technologies. The company’s proven AI and algorithms stand out above traditional players and it has a great founding team. At Angel Ventures we are proud to be able to be Colektia’s partners and to accompany its development in the coming years ”, stated Camilo Kejner, Managing Partner of Angel Ventures.

The funding will help Colektia to continue to grow and to develop its AI technology. The startup plans to accelerate its expansion in Colombia and Peru and consolidate its presence in Chile and Mexico.

Read more on Medium.

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