Colombian financial technology company Kala has raised $55 million in debt financing to broaden access to credit and bolster financial inclusion across Colombia’s underserved markets, according to industry reports.
The funding structured as debt is earmarked to support Kala’s efforts to extend credit to segments of the population traditionally excluded from mainstream banking, helping the fintech scale its lending operations and serve a wider base of borrowers.
Kala’s technology platform enables rapid, low-bureaucracy credit approvals, targeting Colombians who lack credit histories or who are typically rejected by established financial institutions, industry observers noted. The fresh capital will be used to ramp up operational capacity and reach more consumers across the country.
The $55 million debt round brings Kala’s total funding to date to approximately $61 million, underscoring continued investor interest in fintech solutions that address gaps in traditional credit markets.
The financing comes amid a broader trend of digital lenders in Latin America securing debt facilities to expand credit access and drive financial inclusion as demand for alternative lending products grows in the region.
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