Finaktiva, the most important fintech in Colombia, is looking to reach the Mexican market to support SMEs and become the next largest neobank in the region. The expansion plans of this fintech grew after acquiring Libera Supply Chain, a Colombian transactional platform specialized in factoring issues and after obtaining more than 8 million dollars in a round of financing in equity and debt, in which Acumen LatAm Impact participated. Ventures (ALIVE), an impact investment fund management firm sponsored by Acumen, Conny & Co AG, Trinity Capital, Invictum Capital and Andeo. Finaktiva sought to leverage the technology and the community developed by Libera, to add our experience, understanding the credit risk and payment capacity of small and medium-sized companies, so that they can access a massive digital invoice financing solution.
This is the best time to expand to other regions of Latin America, both because of the growth dynamics that the fintech ecosystem has presented, and because of the need to be a “vehicle” of financial support for These companies. It is that micro, small and medium-sized companies represent more than 90% of all companies in the region and generate on average 70% of total employment and 50% of GDP in Latin America, according to a survey carried out in more than 136 countries by the International Trade Center with the United Nations. 62% of MSMEs do not have access to financial loans, something that is key to their growth and development. Now Finaktiva’s objective is to promote the growth of Mexican micro, small and medium-sized companies, through its financial services platform and with its different lines of financing.