Kala raised $4M in an investment round led by Cometa. Investors like Canary, Acrew, Clocktower, and 99 Startups also participated in the round.
The new funding brings the company’s total funds to $6M.
Kala is a Colombian-based fintech-as-a-Service (FaaS) startup with a mission to assist banks and finance companies to digitize their credit granting process. By leveraging technology, Kala enables these institutions to expedite loan delivery and optimize their operations, ultimately driving efficiency and innovation in the financial sector.
The company, co-founded by Manuel Alemán, Rodolfo Lazo, and Pablo Cattólica in 2022, is developing a vertical SaaS product for institutions, like banks and credit unions, that want to launch and operate their own credit products.
Kala plans to use the funds to expand its operations in Mexico and Colombia, forge alliances with local companies, strengthen its presence, and help more businesses digitize their credit operations to boost growth in Latin America.
Kala has processed 50,000+ loans on its platform, showcasing strong investor confidence in its business model and growth potential.
The company currently has 28 employees and will deploy the capital into the expansion of its product, tech, customer acquisition, and customer support teams. Kala will also continue to focus on Colombia and Mexico this year.
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