KLYM, formerly Omni Latam, announced a US$27 million investment round led by JPMorgan and the IFC (International Finance Corporation), a World Bank entity focused on the private sector in developing countries.
The fintech will use the capital to expand, with Brazil being the company’s priority. The markets where they have been operating for some times are Colombia and Chile.
The Colombian company accumulates more than US$200 million in financing, although approximately half of that amount corresponds to equity.
KLYM was known as Omni Latam until October, when the fintech executed a name change citing its intention also to reach countries outside Latin America.
Previously, Omni Latam had made headlines for, among other things, being acquired by British firm Greensill Capital and then bought back by its founders when the foreign firm filed for bankruptcy.