Colombian lending startup Kala bags $4 million to drive financial inclusion in Latin America

Kala, a fintech infrastructure company in Colombia that specializes in lending, has secured a $4 million seed investment from Cometa and existing investors Canary, Acrew, Clocktower Technology ventures, and 99 Startups.

This new funding which was finalized in December follows a $2 million pre-seed round led by existing investor Canary. To date, the company has raised a total funding of $6 million.

With its newly acquired capital, it plans to allocate the funds toward expanding its product, technology, customer acquisition, and customer support teams while continuing to focus on Colombia and Mexico joining the ranks of other fintech companies like Kredito, Mono, and Marco Financial, which offer businesses access to credit in the region.

Co-founded in 2022 by Manuel Alemán, Rodolfo Lazo, and Pablo Cattólica, Kala aims to increase financial inclusion in Latin America by empowering small banks and credit unions to serve the underserved markets through its vertical SaaS products.

According to a statement made by the company to TechCrunch, the company officially launched in July 2022 and within the first six months had three customers, two in Colombia and one in Mexico, using its product and dispersing it to over 50,000 customers. It currently has 28 employees and is looking to expand its team.