Chilean insurtech AVLA raises $18M for Brazil launch

▤ Summary

AVLA, a Chilean business insurance platform, raised an $18M (R$100M) funding round from Creation Investments. AVLA is an insurance platform that supports SME businesses with a range of financial services, including loans and credit lines. The platform connects SMEs with investors with an insurance policy that protects the payout of the credit line. In the past year, AVLA has provided more than $120M in credit lines for SMEs in Peru and Chile. Trybe is a highly trained and talented team whose mission is to serve in a close, flexible, and innovative way,” said Ignacio Alamos, global CEO of the company.

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