Wednesday
March 30
2022

Colombian Fintech Plurall Acquires Funding to Support Entrepreneurs in Latin America

By Omar Faridi

Plurall, a Colombian Fintech firm that’s focused on enhancing the financial inclusion of Solopreneurs in Latin America, finalized a pre-seed round by securing $1.5 million in equity and $10 million debt financing, marking a key milestone for entrepreneurship in the region.

Supported by well-known investors in the UK, US, Mexico, Spain and Colombia, Plurall is getting ready to introduce its microbusiness-focused services in April of this year.

An undisclosed London-headquartered debt and equity fund with more than $3 billion AUM and a portfolio of 90+ investments worldwide, will offer a $10 million debt facility, indicating considerable confidence in the market opportunity that Plurall is addressing.

Glenn Goldman, Co-founder and CSO of Plurall, who has a track record of having originated over $4 billion of SME loans in the US, Brazil, and Mexico, stated:

Photo courtesy of UN Women.

Source: Crowdfund Insider (link opens in a new window)

Categories
Entrepreneurship
Tags
debt, financial inclusion, fintech, microenterprise, microloans, small business