Kuadra expands to Ecuador

Kuadra logo

Colombian fintech Kuadra started operations in Ecuador through the deployment of pilot projects. This expansion was possible after winning Netlife’s corporate venture capital initiative program XCALIFE, an equity-free investment program focused on testing products in Ecuador.

This move is part of Kuadra’s expansion plan, aiming to get 5,000 paid clients before raising capital.

“We won a competition in Latin America, competing against hundreds of startups. Now, we’re in a pilot project phase, planning to introduce Kuadra to Netlife’s 55,000 PME clients,” said Daniel Acevedo Hernández, Co-Founder and CEO of Kuadra.

Kuadra is an all-in-one platform that provides PME clients with administration tools, as well as access to microcredit and financing.

The fintech serves 6,000 clients, 750 of whom are paid.

Read more on Startups Latam

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