Colombian fintech Finaktiva raised $20 million in debt from Bancolombia and other local banks, and $5 million from responsABILITY, a Swiss impact investment fund that offers capital in emerging markets for companies creating a positive impact. The total investment equals $25 million in debt.
Finaktiva is a leading financial services platform for SMEs and entrepreneurs in Colombia. The fintech uses technology to gain insights into each stage of business maturation and support companies at each stage. The software includes flexible credit solutions for early-stage startups, to credit solutions, factoring, and debt funds for scaling companies.
Pablo Santos, CEO of Finaktiva, explained that the company got this resources for having a broad capacity to originate loans for companies with the highest standards of risk management, and for its business strategies, based on Sustainable Development Goals (SDGs), demonstrating that it is an organization that promotes social, economic and environmental impact.
“These resources will be used in our different lines of financing and to support more than 1,200 Colombian companies,” said Santos, who also added that “in the current context, where there is little liquidity, we seek to support high-impact companies throughout Colombia. We know that access to financing will be fundamental for organizations to be sustainable”.
Finaktiva’s CEO highlighted that, in the midst of global economic uncertainty, fintechs will play a decisive role in financing, not only for companies, but also for individuals. This will result in a financial ecosystem that will continue offering more and better alternatives for the country’s economic growth.