KLYM secures $27M Series B round led by JP Morgan and IFC.
Summary
KLYM raised $27M in a Series B round led by JP Morgan and the International Finance Corporation (IFC). Other investors also participated in the round.KLYM is a financial services platform in Latin America that offers digital financial solutions. With this investment, KLYM will expand its operations into Mexico and achieve profitability in 2023.Players like KLYM are changing the architecture of the trade finance market, challenging the role of traditional banks and introducing operational efficiencies that facilitate SMEs access to financing, said Elizabeth Mart\xednez de Marcano, IFC Country Manager for Colombia.Klym operates in Chile, Colombia, and Brazil, serving corporate clients in the pharmaceutical, agricultural, and biofuel industries. Notably, the company has 85 clients and a staggering 30,000 suppliers in Chile.