The fintech dedicated to the financing of startups and corporate cards of American origin, Jeeves, announced the expansion of its operations to Colombia, after finalizing the start of its activities in Brazil last June.

In addition, in March the financial technology raised its series C investment round for 180 million dollars, which included the participation of funds and private investors from the United States, China and Mexico. The funding was aimed at consolidating the presence of fintech in the country and expanding in Latin America, in the midst of a complex global economic context.

 

Regarding the difficulties that are seen in the region, fintech sees an opportunity in the demand for capital required by recently created technology companies, due to the fact that access to traditional sources is complicated.

“Currently it is important that startups can leverage themselves so that they do not spend their capital directly, factors such as high inflation, the conflict between Ukraine and Russia can make it difficult to obtain capital. In the case of Mexico, the devaluation has not affected as much, but many Latin American currencies, especially the Colombian and Chilean with a large devaluation against the dollar, the situation is currently complex”, explained Camilo Sarasti, CEO of Jeeves Colombia.

Source: Trend Detail