FinMaq closes $6.5m Series A led by Accion
Mundi Ventures joins existing investors ALIVE Ventures and 30N Ventures to back equipment financing for Colombian businesses.
FinMaq announced a $6.5 million Series A on October 26, led by Accion. Mundi Ventures joined the round alongside existing investors ALIVE Ventures and 30N Ventures.
The Colombian fintech offers machinery and equipment financing to small businesses and independent workers through partnerships with distributors. Its digital credit-assessment process supports loans and leasing with purchase options for customers in sectors including agriculture, manufacturing, construction and healthcare.
FinMaq plans to expand across rural and urban markets. Over the following 18 months, it aims to surpass $200 million in cumulative disbursements and reach more than 5,000 additional customers. At the announcement, the company reported more than $100 million disbursed and over 1,600 customers served.
Use of funds
Expand equipment financing to small businesses and independent workers in rural and urban Colombia