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Finsocial raises US$20 million in debt financing to dish out more loans in Colombia
Contxto – Households across Colombia are scrambling to make ends meet with improvised businesses, pawnshops, and of course, requesting loans. To (hopefully) add some relief on that end, Finsocial got COP$76 billion (~US$20 million) in debt financing. Swiss Symbiotics procured the funds which will be channeled towards the fintech’s increasingly diverse lending solutions. Finsocial in […]
Morgan Stanley finances fintech Finsocial with US$125 million
Contxto – Colombian fintech Finsocial received some serious financing from major Wall Street Bank, Morgan Stanley this week. We’re talking about around US$125 million in structured financing. One installment for US$75 million followed by a second for up to US$50 million. Finsocial must use the loan to garner more credit lines to its users. This […]