Finnovista is an accelerator and venture capital firm focused on transforming the financial services and insurance sectors by fostering collaboration between large corporations and startups in the fintech and insurtech industries. Established in 2012 and headquartered in Madrid, Spain, with an additional office in Mexico City, Finnovista offers a three-month acceleration program designed to support the growth of startups in Latin America and Spain. The firm is recognized as a key player in the startup ecosystem and is particularly active in investing in fintech innovations. Finnovista also organizes FINNOSUMMIT, a leading conference in the fintech and insurtech space in Latin America, and develops various corporate innovation programs in partnership with major financial institutions. Through these initiatives, Finnovista aims to empower entrepreneurs and promote financial inclusion by connecting them with essential resources and networks in the industry.
Alfi is a platform aimed at enhancing financial literacy by connecting users with financial services and products through financial intermediaries. Established in 2019, the company serves various stakeholders, including governments, citizens, and financial institutions. Alfi employs gamification and machine learning to offer engaging, free services that help users develop informed financial decision-making skills for better present and future welfare. The platform's application leverages artificial intelligence to categorize users based on their financial profiles and preferences, promoting competition among users to enhance learning. As of now, Alfi has attracted 150,000 registered users and aspires to be recognized as a leader in promoting financial education and inclusion across the Americas, Africa, and Asia by 2023.
Prestanómico
Venture Round in 2020
Prestanómico is a Mexican company focused on providing accessible and affordable credit through innovative technology. Founded by entrepreneurs dedicated to enhancing the financial sector in the digital age, Prestanómico aims to offer fast and cost-effective credit solutions. Their platform enables users to refinance existing debts, achieve personal goals, and improve their quality of life. The company provides an online loan application that is user-friendly, secure, and designed to facilitate transparent access to loans with clear details on monthly payments. Additionally, Prestanómico emphasizes microlending, targeting gig economy workers and underserved populations, thereby enabling them to obtain quick credit opportunities and enhancing their financial well-being.
Quotanda
Venture Round in 2020
Quotanda is a lending as a service (LaaS) platform that specializes in providing student loan services aimed at democratizing access to education. The company offers a comprehensive online lending platform that enables various organizations, including lenders, educational institutions, and community foundations, to quickly establish affordable education loan programs in any country and currency. Quotanda's technology streamlines the entire lending process, managing all aspects of online lending programs for its partners. This includes program setup, marketing, compliance, credit origination, loan disbursement, and ongoing servicing, such as interest and principal collection, as well as default management. By improving financing options, Quotanda helps students secure loans for their educational pursuits, fostering greater affordability in education.
B2U Storage Solutions
Venture Round in 2020
B2U Storage Solutions is a developer and provider of battery energy storage systems that supplies stored electricity to power sectors. The company focuses on enhancing the reliability of renewable energy by offering solutions that store energy generated from sources like solar and wind, particularly during times when these resources are insufficient to meet demand. B2U's proprietary autonomous system allows for the use of electric vehicle battery packs in large-scale energy storage without the need for reconfiguration, which helps clients lower their Levelized Cost of Storage compared to traditional new batteries. This innovative approach positions B2U as a key player in the transition to sustainable energy management.
Smart Beta Fix
Pre Seed Round in 2020
Optimize your cashflow and accelerate your business growth by visualizing the financial status of your business in real time in one place. Automate conciliation of your accounts payable and receivable with quick and flexible processes. Loan for your business at the right time.
Siembro
Venture Round in 2019
Siembro is an online platform based in Argentina that connects agricultural companies with financial institutions, facilitating access to loans for purchasing machinery and other necessary equipment. The platform serves as a lending-as-a-service solution, streamlining the financing process for the agricultural sector. It features an online registration portal along with a payment and financing system tailored for sellers, enabling agricultural businesses to secure financing more conveniently and efficiently. Through these services, Siembro aims to enhance credit access and promote savings within the agricultural industry.
Apperto
Venture Round in 2019
Apperto Inc. is a digital platform provider based in Venado Tuerto, Argentina, with an additional office in Belgrano. Founded in 2017, the company focuses on enhancing interaction among users and businesses within local communities, particularly in low-tier cities and rural areas of Latin America. Its application facilitates online ordering, coupon distribution, and digital wallet services, allowing users to connect with shops and friends. By offering solutions that support in-store digitization, Apperto aims to empower small and medium-sized businesses to leverage technology, improving accessibility and convenience for clients seeking to purchase food and other necessities.
Koibanx
Venture Round in 2019
Koibanx is an investment company based in Uruguay that specializes in the development of a financial platform for asset tokenization and payment processing. The company's innovative platform integrates traditional banking processes with advanced technology, facilitating the creation of financial products such as loyalty programs, payment systems, microfinance solutions, decentralized voting platforms, and logistics programs. By enabling financial institutions to connect and tokenize their assets, Koibanx aims to reduce settlement times and costs, contributing to a more efficient financial ecosystem.
Bederr
Venture Round in 2019
Bederr is a company that specializes in developing web-based loyalty programs designed to enhance customer retention and engagement. By utilizing gamification techniques, Bederr's platform allows businesses to create customized, white-label loyalty programs tailored to their specific needs. The company also offers data analytics and communication tools that help clients better understand their customers by collecting and analyzing information through the loyalty program. This integration of marketing and human resources facilitates effective communication between businesses and their customers, ultimately driving loyalty and enhancing the overall customer experience.
LISA Insurtech
Seed Round in 2019
LISA Insurtech specializes in streamlining the insurance claims settlement process through its innovative technology platform. The company offers a core workflow automation system that utilizes artificial intelligence to digitize, analyze, and settle claims efficiently. By employing a no-code/low-code cloud platform, LISA Claims enables seamless integration via APIs and microservices, allowing insurance providers to simplify their operations. The platform's AI capabilities include assessing damages by analyzing photographs and documents, extracting pertinent information to evaluate loss magnitude, and identifying potential fraud. Additionally, LISA Insurtech automates the management of commissions and orchestrates communication among all parties involved in the post-sale value chain, helping clients to reduce costs and minimize waiting times in insurance settlements.
Inverkids
Seed Round in 2019
Inverkids is a company focused on delivering financial education to children and young people through a digital platform integrated into school curriculums. The educational programs are designed to impart essential financial knowledge and skills, helping young individuals develop sound financial values. By offering personalized workshops, Inverkids aims to equip the next generation with the capabilities necessary to make informed financial decisions, ultimately fostering better financial literacy among youth.
Scorce
Seed Round in 2019
Scorce is a platform that simplifies API integration by consolidating multiple API providers into a single connection, allowing developers to manage and access various services through one dashboard. This ease of use enables companies to focus on their core business while reducing the complexity and repetitive tasks associated with integrating third-party APIs. Scorce's tools are designed to assist in areas such as compliance analysis, financial data retrieval, personal data validation, digital onboarding, fraud prevention, and credit scoring. By conducting rapid risk assessments and analyzing various factors, Scorce helps clients make informed decisions while minimizing the risk of fraud and chargebacks, ultimately facilitating easier access to loans and other financial services.
Flotify
Seed Round in 2019
Flotify, founded in 2019 and based in Mexico City, provides a multi-quotation service specifically designed for car fleet insurance. The company's platform enables clients to quickly register and download their fleet units, allowing them to manage their insurance with ease. By offering a broad and accessible range of coverage options, Flotify assists businesses in selecting the most suitable insurance solutions. This streamlined approach helps clients obtain and manage insurance quotes efficiently, making it easier for them to secure the necessary protection for their fleets.
Hubex
Seed Round in 2019
Hubex is an IT company focused on enhancing productivity in financial institutions through artificial intelligence and Robotic Process Automation (RPA). By developing software robots that automate repetitive, rule-based digital tasks, Hubex aims to simplify manual processes that typically involve paper, photocopying, and data transcription. This technology minimizes the need for human intervention, allowing employees to shift their focus from mundane tasks to more strategic and creative problem-solving activities. Hubex’s solutions are designed to streamline operations, enabling companies to achieve greater efficiency and effectiveness in their workflows.
Valepay
Seed Round in 2019
Valepay offers a digital online payment tool for the Mexican workforce. The company is headquartered in Mexico City.
Atrato
Seed Round in 2019
Atrato is a fintech company that provides a payment platform enabling affiliated merchants to offer a buy now, pay later option to their customers. This service allows customers to make purchases at partner stores, both online and in-person, and pay for them over a period of up to 24 months without relying on credit or debit cards. Atrato's platform is designed to support merchants in increasing sales and meeting consumer demand while ensuring that financial tools are fair and accessible. The company aims to enhance the quality of life in Latin America by delivering straightforward and equitable financial services.
Mosabi
Pre Seed Round in 2019
Mosabi is a platform designed to provide business and life skills to underserved citizens in emerging markets, focusing on financial literacy and management. Founded in 2019 and headquartered in Wilmington, Delaware, the platform integrates fintech and edtech to deliver essential skills and services. It employs gamified assessments, surveys, financial health checks, and local language chatbots to enhance user engagement and measure learning outcomes. By utilizing data analytics, Mosabi aims to promote financial inclusion, empowering users to make better decisions related to their businesses and personal finances.
Vexi
Venture Round in 2019
Vexi is a financial technology company based in Mexico City, founded in 2016, that provides credit card services tailored for the young, underbanked population in Latin America. The company offers a mobile application that enables users to develop personalized payment plans, manage expenses, and build credit history with minimal documentation. Vexi's credit card services include both online and physical cards, allowing for flexible use in digital transactions and physical establishments. By leveraging proprietary technology, Vexi aims to enhance accessibility to formal credit while ensuring a secure and user-friendly experience without annuity charges.
Tu Identidad
Venture Round in 2019
Tu Identidad provides a comprehensive identity validation solution aimed at verifying the identities of customers, suppliers, staff, and business partners. The platform creates a digital file that includes personal information and official documents, ensuring compliance with stringent regulations on data protection. By streamlining the enrollment process and allowing for remote verification, Tu Identidad helps companies avoid fraud, duplication, impersonation, and identity theft. This service not only enhances the security of businesses but also creates an efficient ecosystem for identity verification that can be accessed at any time, making it a valuable tool for various organizations.
MangoLife
Venture Round in 2019
MangoLife is a company that offers life, retirement, education, and health insurance aimed at safeguarding individuals and their families from fundamental life risks. Founded in 2017 and headquartered in Leon, Guanajuato, the company leverages technology to enhance the customer experience by simplifying interactions and the contracting process. This approach minimizes unnecessary paperwork and clarifies coverage options, distinguishing MangoLife from traditional insurers.
Ualet
Venture Round in 2019
Ualet is a financial technology company founded in 2017 and based in Bogota, Colombia. It operates as a regulated robo-advisor, providing a digital platform that enables consumers to invest directly in various funds without the necessity of substantial initial capital. Utilizing the Black-Litterman model, Ualet's application customizes investment portfolios for clients, allowing them to engage with diverse asset classes managed by professional managers. This approach democratizes access to investment opportunities, catering specifically to individuals with limited financial resources who seek to participate in the stock market.
Sonect
Venture Round in 2019
Sonect operates a financial platform that transforms local shops into virtual ATMs, allowing customers to withdraw and deposit cash conveniently using their smartphones. This location-based matchmaking service connects individuals seeking cash with nearby businesses willing to facilitate these transactions. By enabling local retailers to offer cash services, Sonect helps them attract new customers, earn commissions, and reduce the cash management burden. For users, the platform provides easy access to cash without the need for traditional ATMs, eliminating withdrawal fees and unnecessary trips. Additionally, banks benefit from reduced operational costs associated with ATMs and can expand their networks into new markets without significant capital investment. Overall, Sonect fosters a community-centric approach to cash distribution, benefiting consumers, local businesses, and financial institutions alike.
Prestanómico
Venture Round in 2019
Prestanómico is a Mexican company focused on providing accessible and affordable credit through innovative technology. Founded by entrepreneurs dedicated to enhancing the financial sector in the digital age, Prestanómico aims to offer fast and cost-effective credit solutions. Their platform enables users to refinance existing debts, achieve personal goals, and improve their quality of life. The company provides an online loan application that is user-friendly, secure, and designed to facilitate transparent access to loans with clear details on monthly payments. Additionally, Prestanómico emphasizes microlending, targeting gig economy workers and underserved populations, thereby enabling them to obtain quick credit opportunities and enhancing their financial well-being.
Prometeo
Seed Round in 2018
Prometeo operates as a leading fintech infrastructure company, providing a marketplace that connects global corporations with financial institutions in Latin America and the United States. The company specializes in creating advanced technological infrastructure through banking Application Programming Interfaces (APIs), offering access to a vast network of over 1,500 connections to more than 1,200 financial institutions across 11 countries. Prometeo's platform simplifies and secures access to banking data, facilitates bank account validation, and enables account-to-account payments. By automating these processes, the company reduces friction and costs for its clients while enhancing financial connectivity. Additionally, Prometeo offers educational tools and money transfer applications to help users better understand their financial behavior and manage their finances effectively.
Tasatop.com
Seed Round in 2018
Tasatop.com is a fintech company focused on enhancing the financial market's dynamism by directly competing with traditional financial institutions. The company operates a platform that connects individuals and businesses with these institutions through auctions of diverse financial products. By promoting and educating users on various savings and investment opportunities, Tasatop.com aims to improve conditions and pricing for end users, enabling them to make informed investment decisions. The platform is designed to facilitate a more competitive marketplace for financial products, ultimately benefiting consumers.
Tu Identidad
Seed Round in 2018
Tu Identidad provides a comprehensive identity validation solution aimed at verifying the identities of customers, suppliers, staff, and business partners. The platform creates a digital file that includes personal information and official documents, ensuring compliance with stringent regulations on data protection. By streamlining the enrollment process and allowing for remote verification, Tu Identidad helps companies avoid fraud, duplication, impersonation, and identity theft. This service not only enhances the security of businesses but also creates an efficient ecosystem for identity verification that can be accessed at any time, making it a valuable tool for various organizations.
La Plataforma LatAm
Seed Round in 2018
La Plataforma is a social venture that delivers transparency, affordability and convenience to the remittance process. Through our mobile platform, we allow our customers to send cash transfers from the US to countries in Latin America and the Caribbean straight from their mobile phone.
DevBlocks
Seed Round in 2018
DevBlocks is a specialized firm that develops fintech software solutions, focusing on automating accounts payable and receivables for businesses. The company has created PayBlocks, a platform designed to enhance financial integration among various enterprise software systems. This platform allows users to share information seamlessly, utilizing preconfigured recipes or customized programming, which eliminates the need for extensive IT expertise. By integrating modern and flexible solutions into existing enterprise resource planning systems, DevBlocks aims to reduce operational overhead and improve process efficiency for its clients. Additionally, the company provides world-class support to ensure effective implementation and utilization of its products, ultimately helping clients increase revenue through enhanced financial strategies.
Hurra Credit
Seed Round in 2018
Hurra Credit is a digital lending platform that addresses financial emergencies by offering payroll loans and providing a fast and efficient service. The platform enables employees of private companies to access credit at more favorable rates than traditional banks, thanks to an automatic discount applied to customers' accounts. By streamlining the lending process, Hurra Credit aims to alleviate financial challenges for its users, making it a viable option for those in need of quick financial assistance.
Luzverde
Seed Round in 2018
Luzverde is a financial technology company that provides a credit management platform aimed at underbanked small and medium-sized businesses in Latin America. Utilizing a "credit sales as a service" model, it enables merchants to offer credit at the point of sale, allowing them to boost sales without bearing the associated risks, as payments are received immediately and credit risk is transferred to lending partners. The company has successfully onboarded over 200 points of sale across Panama and Ecuador and is experiencing significant growth, with monthly revenues nearing $20,000 and around $400,000 in credit sales. Additionally, Luzverde's platform offers secure management of consumer loan portfolios, credit counseling, and post-sales services, helping retailers enhance their customer relationship operations.
Sinconta
Seed Round in 2018
SinConta is a Mexican company based in Puebla that focuses on providing independent workers with tools to file their monthly taxes accurately and on time while managing their personal finances effectively. The company aims to simplify personal accounting in Latin America, making tax compliance as straightforward as tracking individual financial activities. SinConta offers a semi-automated platform that features an easy-to-use accounting tool for personal expense and income management. Users can manually input their financial data, generate reports, handle electronic billing, and calculate their taxes, enabling them to take control of their finances and streamline their accounting processes. Through its innovative approach, SinConta seeks to modernize the way individuals manage their financial responsibilities.
Seif
Seed Round in 2018
Seif is a business startup that helps users have control over their money on e-commerce and developed a tool for reversible payments. With this, users can control, cancel the payment and even recover their money when something goes wrong. The company aims to reduce the risk of fraud for their users when they buy online, ensure their payment and make sure their online purchase is successful.
Klimb
Venture Round in 2018
Facturedo operates as an invoice discounting marketplace in Latin America, facilitating access to liquidity for small and medium-sized enterprises (SMEs) through their accounts receivable. By offering a streamlined platform, Facturedo enables businesses to convert their invoices into immediate cash, thereby improving their financial flexibility. The service is designed to be fast, secure, and user-friendly, catering to the needs of SMEs seeking to enhance their cash flow. Additionally, Facturedo provides opportunities for investors to engage in commercial debt investments, thereby creating a mutually beneficial ecosystem for both businesses needing liquidity and investors looking for viable investment options.
Quotanda
Venture Round in 2018
Quotanda is a lending as a service (LaaS) platform that specializes in providing student loan services aimed at democratizing access to education. The company offers a comprehensive online lending platform that enables various organizations, including lenders, educational institutions, and community foundations, to quickly establish affordable education loan programs in any country and currency. Quotanda's technology streamlines the entire lending process, managing all aspects of online lending programs for its partners. This includes program setup, marketing, compliance, credit origination, loan disbursement, and ongoing servicing, such as interest and principal collection, as well as default management. By improving financing options, Quotanda helps students secure loans for their educational pursuits, fostering greater affordability in education.
Dapp
Seed Round in 2017
Dapp operates an innovative online payment platform that simplifies transactions for both merchants and consumers. By enabling payments through a mobile phone or computer, Dapp eliminates the need for additional devices like traditional point-of-sale systems or mobile payment solutions. Merchants can easily charge customers using the Dapp app or by integrating its API, streamlining the payment process. The platform connects retailers directly with users' credit and debit card accounts, ensuring secure transactions through fingerprint verification and collection codes. Additionally, Dapp provides advanced reporting tools that allow clients to analyze transaction data, helping them achieve their business objectives and facilitating payments anywhere without the need to disclose card information.
Finerio Connect
Seed Round in 2017
Finerio is a personal finance platform based in Mexico that offers an automated and free service to help users manage their finances effectively. The platform allows individuals to link their debit and credit accounts from major Mexican banks, enabling them to monitor and track their expenses, view financial information, and analyze their consumption patterns. Finerio's features include custom budgeting tools and data analysis capabilities, which aim to enhance users' financial planning and savings. By leveraging open finance principles, Finerio empowers users to take control of their financial well-being through insightful data-driven insights.
Bdeo
Seed Round in 2017
Bdeo specializes in providing Visual Intelligence solutions designed to automate inspection and evaluation processes for motor and home insurance companies, as well as fleet operators. Founded in 2017, the company aims to expedite underwriting, claims, and vehicle assessments from weeks to mere minutes. Operating in 25 countries with offices in Spain, Mexico, the UK, France, and Italy, Bdeo collaborates with over 50 insurance firms, including notable clients such as Mutua Madrileña, Zurich, and Mapfre. Their technology enhances the customer experience by streamlining the underwriting process and facilitating real-time assessments of risks and damages, which helps to detect fraud and ensures prompt claim payments. Bdeo has established key partnerships with companies like Guidewire and CAB solutions, further solidifying its presence in the insurance technology sector.
B2U Storage Solutions
Seed Round in 2017
B2U Storage Solutions is a developer and provider of battery energy storage systems that supplies stored electricity to power sectors. The company focuses on enhancing the reliability of renewable energy by offering solutions that store energy generated from sources like solar and wind, particularly during times when these resources are insufficient to meet demand. B2U's proprietary autonomous system allows for the use of electric vehicle battery packs in large-scale energy storage without the need for reconfiguration, which helps clients lower their Levelized Cost of Storage compared to traditional new batteries. This innovative approach positions B2U as a key player in the transition to sustainable energy management.
Tesseract México
Seed Round in 2017
Tesseract offers a platform for authentication, cryptographic, and user management products. Tesseract Mexican company specializes in computer security solutions that provides the accessibility of services in the cloud at low cost, complying with the rules established by authorities.
Dile
Seed Round in 2017
Dile is a provider of predictive analytics services focused on meeting the forecasting needs of businesses, particularly in the financial and insurance sectors. The company leverages big data, artificial intelligence, and machine learning to deliver accurate and timely predictive analytics through its platform. By integrating various mathematical methods, Dile enables clients to make informed decisions based on real-time forecasting. The firm emphasizes the importance of monetizing data for effective digital transformation, connecting significant industry stakeholders to its AI services and fostering an ecosystem that enhances product deployment with high predictive accuracy.
Mensajea
Seed Round in 2017
Mensajea is an AI-powered chatbot builder that specializes in automating customer interactions for financial institutions and e-commerce platforms. Based in Quito, Ecuador, the company was founded in 2016 and provides an online platform that facilitates the integration of chat applications like Facebook Messenger and WhatsApp. By leveraging artificial intelligence, Mensajea enables businesses to enhance customer service, sales, and marketing efforts through personalized and on-demand engagement. Its tools allow companies to automate conversations with customers and prospects, improving efficiency and responsiveness in communication.
Konsigue
Seed Round in 2017
Konsigue is an investment management firm that operates an online financial factoring platform aimed at connecting small and medium enterprises (SMEs) with investors seeking to provide short-term financing. The company's crowd factoring platform enables SMEs in Mexico to secure timely funding through crowdfunded loans, allowing them to maintain their business operations. This model offers investors the opportunity to earn competitive returns on their investments while facilitating efficient and fair funding solutions for businesses in need.
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