Efinti raises $1M to provide digital financing to SMEs

Efinti Co-founders Andrés Tobón and Alejandra Gaviria

Efinti, a Colombian fintech, has raised $1M in an investment round led by Inversiones Andamas and with the participation of Acelera Latam and a group of angel investors. 

The fintech offers digital financing options for small and medium enterprises that, due to their short period in the market, find it more difficult to access capital from traditional methods.

This year the company developed a predictive model based on artificial intelligence that has helped them mitigate default risks, generating a gross transaction value equivalent to $15M. In addition, the company launched a DeFi protocol to continue its expansion to the United States and Mexico in 2023.

Andrés Tobón, CEO of Efinti, shared the startup’s future plans: 

“We will open new markets in the coming months, starting with Mexico and taking our solution to more Latin American countries.”

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