- Online lender for high impact entrepreneurs reaches USD 15 million in fundraising after 24 months of operations
- Finaktiva has funded more than 400 early stage companies in 25 cities of Colombia through 100% digital user experience, providing flexible loans and growth tools.
Finaktiva is a digital credit platform focused on promoting growth of high-impact early stage companies in Colombia through flexible loans and financial tools for entrepreneurs (Colombia is one of the largest and most stable markets in Latin America for small business lending).
Finaktiva raised US 9 million through debt and equity (Serie A) round led by Triodos and Alphamundi, two of the most important European impact investors (focused in environmental, social and governance criteria), who participated through venture debt instruments. Furthermore, local players such as Bancoldex (second-tier development bank), Aktiva (asset manager), Bancolombia and Confiar (commercial banks) also participated through lending facilities, in addition to family offices focused in entrepreneurship. The investor´s goal with this round is to foster the sustainable growth of Finaktiva, support the company in strengthening its leadership in the local market and fulfill its mission of fueling the growth of Colombian entrepreneurship.
Alejandro Solis, Triodos Investment Regional Manager commented: “we are proud of welcoming Finaktiva as an ally in our investment porftolio in Latam and support its expansion in Colombia. Finaktiva’s business model shares Triodos mission and vision as a Fintech that creates positive social, environmental and economic impact in Colombian SMEs.”.
Valentina Echeverry, Investment Director in Alphamundi said: “we found in Finaktiva an ally for deepening our investment thesis in Latam helping to increase financial inclusion for companies that are creating high impact in Colombia’s development”.
Currently, Finaktiva has funded companies in 25 cities in Colombia, with no need of physical branches as its service is 100% online.
Pablo Santos, Finaktiva’s CEO and founder explained: the capital will be invested in funding our operations, technology and human talent to keep improving our value offer for the clients, whom will access new capital resources to escalate their business models, creating new jobs and contributing to the development of the country.
In the last twelve months, Finaktiva has reached a 300% outstanding portfolio growth and recently was awarded as “Best for the World” in the top 10% of B Corporation enterprises. Also, Fedesoft (association of software developers in Colombia) awarded Finaktiva with the Premio Ingenio 2019 as a recognition for its innovative business model.
“40% of our clients did not have banking experience and most are underbanked. Besides, we foster women entrepreneurship, as one of every two of our clients are women led companies” added Santos.
Luz María Correa, Chairman of the Board of Directors of Finaktiva and representative of one of the FF.OO. shareholders of the company mentioned: “Finaktiva´s business model has been based in the development of a niche opportunity generating high impact services for entrepreneurs. As investors we were pitched by its investment thesis and as of today we are one of the main investors in Finaktiva“
According to Santiago Pérez, Board Director of Aktiva (Finaktiva’s first investor): “The capital raised will allow us to consolidate Finaktiva as a fintech referent in online lending for early stage companies, keeping up triple digit growth figures and solid risk management”.
About Triodos IM
Triodos Investment Management is a globally active impact investor, with 30 years of track record, more than 750 impact investments in 60 countries, and around US 5 billion in assets under management.
Alphamundi is an impact investor based in Switzerland that provides debt and equity financing to scalable social ventures in strategic sustainable human development sectors such as microfinance, affordable education, fair trade agriculture and renewable energy.
Aktiva developes flexible financial solutions for high growth companies. In its 9 years of operation has launched different niche financing vehicles looking forward to reducing the financing gap for Colombian SMEs.