LATEST REGIONAL PROJECT UPDATE
1
1
MEXICO
Mexican electromobility company VEMO has closed financing for up to 1.3 billion pesos with four prominent financial institutions.
Among the partners supporting this process are Beel Credit, Banco Covalto, Kapital and Promecap – key institutions in the infrastructure, energy and technology sectors.
This financial support will boost VEMO’ s Impulso electric vehicle leasing program, which has enabled more than 3,500 independent drivers to access electric vehicles – with 50 % of users opting for clean mobility solutions.
2
URUGUAY
Uruguayan fintech Prometeo has launched Borderless Banking to simplify B2B financial operations between the US and LATAM.
The announcement follows the launch of Prometeo’ s US Account Validation product in June 2024.
VEMO has also demonstrated its capacity with more than 500 electric vehicles leased in the last year and plans to continue its growth.
Prometeo’ s open banking platform offers APIs for transaction processing and banking data connections, enabling payments, identity verification, risk assessment and financial management.
The financing also strengthens VEMO’ s charging infrastructure, which operates what is pitched as the most robust network of public chargers in Mexico – supporting a business model that promotes more sustainable and efficient mobility.
3
CHILE
Fintech Maxxa has raised $ 10.6m in debt financing from Symbiotics and Delphos.
Borderless Banking enables businesses to offer local bank accounts, automate collections, track international transfers in real time and integrate account verification and fraud prevention.
“ Legacy cross-border banking solutions have historically struggled to integrate between financial infrastructures, creating significant challenges for businesses to access new markets. Our solution will promote access to payment rails in the region, which remains largely manual and only 30 % digitized,” said Ximena Aleman, Co-Founder and Co-CEO, Prometeo.
Maxxa’ s digital credit platform offers long-term loans to SMEs in Chile, pitching the processing applications within minutes and offering repayment terms of up to three years.
Maxxa will use the funds to expand its SME lending operations and to improve its credit evaluation platform.
“ This type of financing is essential for SMEs to be able to invest in sustainable growth, acquire key assets and face challenges without the burden of strict deadlines,” said Cristian Sauterel, CEO, Maxxa.
Founded in 2009, Maxxa has helped over 5,000 users finance their businesses, providing more than $ 55m in loans to Chilean SMEs.
4
COLOMBIA
Colombian fintech Finmaq has raised $ 29m in a pre-Series A round combining debt and equity.
Finmaq will use the funds to expand its portfolio, strengthen its distributor network and streamline its processes to reduce loan approval times.
Finmaq provides financing for SMEs and independent workers looking to purchase productive assets like tractors, medical equipment and construction machinery, using its proprietary credit risk analysis to serve borrowers with no traditional credit history.
26 INTELLIGENTCIO LATAM www. intelligentcio. com