Chilean fintech Maxxa raised $10.6M in debt financing from Symbiotics and Delphos.
Maxxa’s digital credit platform offers long-term loans to small and medium-sized businesses in Chile, processing applications within minutes and offering repayment terms of up to three years.
Maxxa will use the funds to expand its SME lending operations and to improve its credit evaluation platform.
“This type of financing is essential for SMEs to be able to invest in sustainable growth, acquire key assets and face challenges without the burden of strict deadlines,” said Cristian Sauterel, CEO of Maxxa.
Founded in 2009, Maxxa has helped over 5,000 users finance their businesses, providing more than $55M in loans to Chilean SMEs.
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