Exoticca secures €4M loan from BBVA Spark for Latin America expansion
Summary
This is a category that, due to its high complexity (including multiple flights, hotels and activities), did not have an online storefront and until now was only sold in brick-and-mortar establishments.It removes the middleman through a completely online offer with real-time availability, making the buying process faster and easier for the end customer and leading to more affordable prices for big-ticket trips. We are thrilled to finance Exoticca and support its expansion in Latin America," explained Ver\xf3nica Ruiz, Head of BBVA Spark in Spain. "We are very grateful to BBVA Spark for its support, which will help us to fund our expansion in Latin America. We recently opened in the Mexico and Colombia markets with very good results. The company has raised over 85 million in funding and expects to reach 300 million in sales by the end of 2024.This loan agreement will facilitate the companys expansion in Latin America.