Colombian startup Kala raises $4M

Kala raised $4M in an investment round led by Cometa. Investors like Canary, Acrew, Clocktower, and 99 Startups also participated in the round. The new funding brings the company’s total funds to $6M.

Kala is a Colombian-based fintech-as-a-Service (FaaS) startup with a mission to assist banks and finance companies to digitize their credit granting process. By leveraging technology, Kala enables these institutions to expedite loan delivery and optimize their operations, ultimately driving efficiency and innovation in the financial sector.

Kala plans to use the funds to expand its operations in Mexico and Colombia, forge alliances with local companies, strengthen its presence, and help more businesses digitize their credit operations to boost growth in Latin America.

Kala has processed 50,000+ loans on its platform, showcasing strong investor confidence in its business model and growth potential, with continued support from previous investors and a new addition of 99 Startups.

Read more on Techcrunch.

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