FinMaq closes $29m debt-and-equity package for equipment financing
ALIVE Ventures leads the equity component, with 30N Ventures participating and Accial Capital and Iris Bank providing debt.
FinMaq closed a $29 million financing package combining debt and equity, according to an announcement published by investor 30N Ventures on January 15, 2025. ALIVE Ventures led the equity component alongside 30N Ventures, while Accial Capital and Iris Bank were among the debt providers.
The Colombian company finances productive equipment for small businesses and independent workers. It planned to expand its lending portfolio and distributor network while improving the speed of its credit approval process.
At the time, FinMaq reported an active loan book of about $17 million and more than 550 customers. Its financing supports purchases such as tractors, medical equipment and construction machinery.
Use of funds
Expand the asset-financing portfolio and distributor network
Reduce loan approval times