Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala, a Colombia-based company building fintech infrastructure for lending.
The company, co-founded by Manuel Alemán, Rodolfo Lazo and Paul Cattólica in 2022, is developing a vertical SaaS product for institutions, like banks and credit unions, that want to launch and operate their own credit products.
Alemán, who has a background in microfinance, explained that lack of inclusion and access to capital in Latin America account for low loan penetration figures, in the low double digits in many cases.
“We turn any lender into a fintech lender,” Alemán told TechCrunch. “Our goal is to increase financial inclusion in Latin America and empower small banks and credit unions to serve the underserved markets.”
