• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Finmaq, Colombian fintech lending for machinery, closes US$6.5 million Series A round

FinanceColombiaPortafolio40 s readAI summary
Image: Portafolio

Finmaq, a Colombian fintech that finances machinery and equipment for MSMEs, closed a US$6.5 million Series A round led by Accion, with participation from Mundi Ventures and existing investors Alive Ventures and 30N Ventures. The company has placed more than US$100 million and holds an active portfolio of close to COP 200 billion. It aims to surpass US$200 million in placements and reach 5,000 active clients in 18 months. It operates only in Colombia and its main recent challenge is fraud attempts.

In 40 seconds

  • The US$6.5 million Series A was led by Accion, with Mundi Ventures, Alive Ventures and 30N Ventures.
  • Finmaq has placed more than US$100 million and holds an active portfolio of close to COP 200 billion.
  • 18-month goal: more than US$200 million in placements and 5,000 active clients.
Read the full story at Portafolio

IASummary generated by artificial intelligence from a story by Portafolio. It may contain errors: the original source prevails.

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