Colombian refurbished-electronics startup Refurbi raised a $4M seed round extension in debt and equity. Latin Leap led the equity part, with participation from PSM Impact Ventures, and Epic Angels. The Inter-American Development Bank and ItaĆŗ led the debt part.
Refurbi collects used smartphones, refurbishes them in its own facilities, and resells them through a refurbished-device marketplace, while also offering trade-in programs, device lifecycle software, and optional financing and insurance for consumers.
Refurbi will use the new funds to support its expansion to Mexico.
āThis round allows us to consolidate what is already working and take our model to a new scale. We believe that well-executed refurbishment can be a key piece of infrastructure for digital inclusion in the region,ā said Refurbiās CEO and founder, SebastiĆ”n JimĆ©nez.
Founded in 2019, Refurbi has served over 80K customers in Colombia.
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