Neivor raises $600K Seed round led by Magma Partners

LatamListNeivor, a Colombian proptech, raised a $600K Seed round led by Magma Partners. Various angel investors also contributed to the funding, including Brian Requarth, Miguel McCallister, Daniel Bilbao, Rodrigo Sánchez-Ríos, Ramón Heredia, and Kai Schmitz.

Neivor is a property management platform that aims to digitalize the administration of condominiums in Colombia. Via the online platform, residents have access to various payment methods and finance software to help landlords manage rent payments remotely.

“We will continue to consolidate our presence in Colombia, and we will soon be launching into Mexico where the market opportunity is huge,” said Caterine Castillo Ceballos, co-founder and CEO of Neivor. “We are looking to triple our output in 2021, reaching 1.5 million homes in Latin America.”

The platform aims to revolutionize an antiquated property industry where there is a limited payments infrastructure and a lack of communication between tenants and landlords. The platform facilitates communication with a notification system and has also integrated a digital payments system to help both parties manage rent payments.

“The addition of a payment service to the SaaS company is solving a major problem in Latin America, which will make it much easier for their users,” said Nathan Lustig, Managing Partner at Magma Partners. “Neivor has an extraordinary team with the potential to build a regional company from their base in Colombia”.

Read more on Forbes.

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