Magma Partners

R5 is a company based in Colombia that simplifies vehicle ownership by providing an online insurance and lending platform. It enables low-income customers to use their cars and motorcycles as collateral to secure financing. The platform facilitates access to funds for refinancing expensive debt or investing in businesses, offering a digital process for purchasing compulsory vehicle insurance with affordable policies. Through its services, R5 allows customers to leverage their vehicles to obtain credit at lower rates, making financial opportunities more accessible.

Mono is a digital bank designed specifically for startups and small to medium-sized businesses in Latin America, beginning its operations in Colombia. The company aims to empower these businesses by addressing key challenges they face in managing finances. Mono's platform enables users to open a digital checking account quickly, make online payments using a debit card, and integrate seamlessly with various software-as-a-service applications. This approach allows businesses to efficiently manage their expenses and streamline their financial operations, ultimately facilitating growth and enhancing financial control.

Treble.ai, Inc. is a technology company based in Colombia that specializes in enhancing customer support for businesses through its innovative platform. The platform enables companies to gather customer feedback via SMS and email, facilitating a deeper understanding of customer needs. Additionally, Treble.ai automates customer interactions through popular messaging apps like WhatsApp, allowing businesses to streamline their communication processes. By providing tools for effective marketing and engagement, Treble.ai aims to make mobile communications more agile and personalized, helping businesses worldwide adapt to the evolving demands of their users.

Workep, Inc. is a company based in Medellin, Colombia, that operates a project management platform designed to enhance collaboration among modern teams. The platform uniquely integrates and automates all Google applications, allowing users to connect their G Suite tools with ease and efficiency. By streamlining workflows, Workep eliminates the need for extensive technical skills and reduces the time spent on manual tasks such as report generation and file synchronization. Additionally, the platform features an artificial intelligence component that recognizes usage patterns, acting as a virtual assistant to provide insights on project progress and task coordination. This comprehensive approach fosters seamless communication and collaboration, ultimately helping clients achieve their project goals more effectively.

Bankity is a financial technology company founded in 2014 and based in Colombia. It offers an online and mobile application designed for personal financial management, allowing users to effortlessly track their expenses and manage their finances in real time. The platform automatically records transactions made with electronic money without requiring users to input their bank passwords, ensuring a secure and risk-free experience. Bankity's tools include daily card analysis and expense control features, which have contributed to significant growth in user engagement, evidenced by over tenfold growth in the last six months. Through its innovative approach, Bankity aims to simplify personal finance management for its users.