Colombian SME financing fintech KLYM, formerly Omni Latam, announced a $27 million investment round led by JPMorgan and the IFC (International Finance Corporation), a World Bank entity focused on the private sector in developing countries.
The startup already had an alliance with JPMorgan related to customer financing.
Bloomberg News broke the news, revealing that the fintech will use the capital to expand, with Brazil being the company’s priority (where they opened an office in 2022).
The markets where they have been operating for some time are Colombia and Chile.
With the round, the Colombian company accumulates more than US$200 million in financing, although approximately half of that amount corresponds to equity.
CEO Diego Caicedo told Bloomberg that they plan to raise more capital this year and believe that the company will become profitable after quadrupling revenues last year.
KLYM was known as Omni Latam until October when the fintech executed a name change citing its intention also to reach countries outside Latin America.
Previously, Omni Latam had made headlines for, among other things, being acquired by British firm Greensill Capital and then bought back by its founders when the foreign firm filed for bankruptcy.
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