NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, September 19, 2017

Venture investing in Latin America continues to pick up the pace, with new deals in financial technology services leading the way.

One example of investors’ renewed interest in regional financial services companies is the $14 million in financing that ComparaOnline just wrapped up.

The company, now backed by private equity firm Bamboo Capital Partners and the International Finance Corp., the investment arm of the World Bank Group, pitches financial educational tools to consumers in Brazil, Chile, and Colombia.

For now, the company is focused on informational services for car and travel insurance, consumer loans and credit cards. These businesses are all new to Latin America, but are growing quickly in the region.

Photo courtesy of Charlotte Kesl.