Colombian fintech, FinMaq, closed a successful investment round, securing $3.5M in equity and $20M in funding.
The company plans to use the capital to grow its presence in Colombia and expand operations to Chile, Peru, and Mexico.
FinMaq aims to generate positive social impact through inclusion, delivering digital financial solutions to underbanked individuals and SMEs.
Clients can request a loan through FinMaq’s app and receive pre-approved, approved, or denied responses within five minutes.
FinMaq has been showing double-digit growth since November 2021, achieving positive net income in 2023, having minimal delinquency results in its portfolio. We have positively impacted operations within sectors such as: construction, health, aesthetics, metal-mechanic, industrial, kitchens, and yellow machinery.
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Colombian Fintech Fanki secures $6M