Colombian fintech Zíro raised an undisclosed amount from Sustainable Futures, the impact investing arm of Mondelēz International.
Zíro enables manufacturers, distributors, and B2B marketplaces to offer short-term loans to small retailers for inventory purchases.
Zíro will use the funds to expand its solution. Zíro aims to reach 100K small retailers in the next 3 years.
“Finding ways to support and empower small merchants, the vast majority of whom do not have access to financing, is a priority to generate impact in the communities where we (Mondelēz) operate,” said Susanne Mathis-Alig, Mondelēz International’s Senior Director of Sustainability.
Read more on LatamFintech Hub.
