Global and Local Investors Make US$3.6m Investment in Colombian Fintech Startup Sempli
Summary
According to Felipe Llano, cofounder of Sempli, “only 4 out of 10 companies manage to obtain a loan with business banking, and in most cases this process may take 6 to 10 weeks to receive the resources, in addition to the complexity in the credit analysis and guarantees that are asked to the entrepreneurs. Through the use of technology, transaction costs are expected to be lower and, using multiple data, information asymmetry is reduced by combining manual and automated analyses to power its -SempliScore- scoring system. Esteban Velasco, cofounder of Velum Ventures and Sempli, commented that “we are committed to building a solid enterprise base that can execute its expansion plans and that, in a responsible way, goes to alternative credit solutions. We expect to become a dominant player in the Fintech online lending category for SMEs and add a second round of investment and funding in the next two years that will allow us in the medium term support this segment with more than USD 50 million”. In addition, entrepreneurs have complementary services through specialized content, online courses and tools in finance and corporate governance to support the financial management and administration of their companies.