:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/UJVU6IUY5FCRNMFRB23T5DVBIE.jpg "Colombian fintech KLYM raises $27 million.")
Bogotá — Colombian fintech KLYM, which offers corporate financing solutions for large companies and small and medium-sized entreprises (SMEs), has raised U$27 million, funds which it plans to use to boost its growth in Latin America.
The company, which monetizes companies’ invoices receivable for 30, 60 or more days in advance, providing disbursements, has raised $95 million since its founding in Colombia in 2017, according to Bloomberg.
The most recent round of investment was led by JPMorgan Chase & Co. and International Finance Corp.
KLYM, formerly known as OmniLatam, is also looking to expand its operations in Colombia, Chile and Mexico, with the latter country its next destination.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/D4LEFWAPEBEU7DHI2LK74VAE6A.jpg "Why We May Not See More Latin American Tech Companies Go Public this Year")
The company was founded by entrepreneurs Diego Caicedo and Andres Abumohor and acquired by Greensill Capital in 2020.
The startup offers online factoring, confirming and working capital programs in Latin America.
According to figures from KPMG, global venture capital investment fell for the fourth consecutive quarter between October and December last year, totaling $75.6 billion in 7,641 deals.
In fact, “global investment has fallen to its lowest levels since the second quarter of 2019″, KPMG said in a report.
However, the decline in venture capital has been somewhat contained by deals in the energy sector as interest in meeting the world’s climate goals increases.
Figures from Colombia Fintech indicate that there are around 322 techno-finance companies in the country, which together generate some 9,000 jobs.
Fintechs also contribute 0.31% of the country’s GDP, according to the association.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/VNAR3H55CJGO3LL7JPRUBYYCOU.jpg "Brazilian Fintech Ebanx Changes Leadership, Reinforces AI Push")
