Shinkansen closes investment from Krealo

Chilean fintech Shinkansen closed an investment from Krealo, the Corporate Venture Capital arm of the Peruvian group Credicorp.

As part of the investment , Krealo will connect Shinkansen with the holding company’s bank, Banco de Crédito del Perú, enabling the fintech to leverage the bank’s reach and distribution in Peru.

Shinkansen automates business-to-business and bank-to-business transactions through an API integration

“Shinkansen’s business model is regulator-friendly; we don’t handle money flow, we provide traceability,” said Francisco Larraín, Shinkansen’s Co-founder.

This is Krealo’s first investment in 2024 and the tenth since the company’s inception six years ago. Krealo has previously invested in Chilean startups Tenpo and Datamart, Colombian startups Tyba, Plurall, and Monokera, as well as Peruvian startups Culqui and Wally.

Read more on Latamfintech

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like