INFOGRAPHIC: Top LATAM Startup Funding — Week 40
In this week's funding deals, we tracked ExcelCredit, Exa, Versi, Gibb and Xeptiva Therapeutics in the LatAm region.
- Colombia's ExcelCredit secured a $50 million investment from Nomura to expand financial inclusion.
- Brazilian cybersecurity startup Exa received a $29 million cash injection from FS Group to develop new smartphone security solutions.
- Versi, a Brazilian real estate fintech, raised $9 million to invest in developers building affordable housing.
- Brazilian payroll streaming company Gibb collected a $5.5 million investment from SRM Ventures to grow its operations.
- Uruguayan biotech Xeptiva Therapeutics secured $2.5 million to continue developing veterinary vaccines.
Colombia's ExcelCredit secured a $50 million investment from Nomura to expand financial inclusion
The Colombian fintech ExcelCredit has recently secured $50 million in funding from the Japanese bank Nomura. This investment aligns with ExcelCredit's ongoing efforts to promote financial inclusion in Colombia.
ExcelCredit's primary focus is providing loans to pensioners, public employees, and public school teachers through a convenient payroll deduction financing model. This approach has gained significant traction in Colombia, accounting for 37% of the total consumer credit portfolio, surpassing neighbouring markets like Brazil and Mexico.
The partnership with Nomura and the successful bond issuance are expected to fuel ExcelCredit's growth and further solidify its position as a leading player in the Colombian fintech landscape. The company aims to expand its reach and offer more accessible financial services to this underserved demographic.
