Latin America-Based Finkargo Announces $20M Equity Financing

Gunderson Dettmer represented long-time client Finkargo, a Latin American-based fintech, in its $20 million equity financing led by QED Investors and Community Investment Management. With operations in Colombia and Mexico, Finkargo’s platform offers small and medium-sized importers an automated credit scoring model, access to the capital required, and seamless logistics and financing processes to boost sales and control logistics. The company will use the new capital to triple its operations in the next year, with a focus on strengthening its portfolio of complementary services, such as freight financing, supplier verifications, merchandise inspections and transportation insurance.

In the announcement of the transaction, Finkargo director and co-founder Santiago Molina said, “We have created a unique product that solves the main challenge for companies in foreign trade: cash flow. We are developing technological tools that simplify international trade and minimize risks, connecting the region to global value chains.”

The Gunderson Dettmer deal team was led by Dan Green and Brad Krack and included Daniel Gallo, Eduardo Espinosa de los Monteros, Juan Pablo Guzman Zaldua and Maria Jose Brinton.

Companies
Finkargo
QED Investors
Community Investment Management