The fintech start-up is the first in South America to receive funding from UK-based Fasanara. The funding will bolster the financial inclusion of micro-businesses in Colombia, which are currently underserved by the financial industry. Founded in 2021 and based in Bogota, Plurall began its initial beta testing phase three months ago and claims to have provided access to credit and digital accounts to more than 140 entrepreneurs from various sectors across Colombia.
Plurall adds that it plans to use the debt facility to partner with Latin America’s largest distribution partners across verticals that serve entrepreneurs. Glenn Goldman, Plural’s co-founder, and chief strategy officer, claims the start-up has amassed more than 5,000 registrations on its waitlist. The debt funding will be complemented by a seed equity round that Plurall is currently raising.