Finaktiva Acquires Libera to Build a Challenger Bank for SMEs in LatAm
Four months ago, Finaktiva said it would seek to become a Neobank (or challenger bank) focused on providing various financial services to small and medium-sized enterprises (SMEs). This came after they raised US$8 million in equity and debt funding and raising US$120.2 million in total, according to Crunchbase. Libera is a fintech company, made up of national and multinational companies, that promotes factoring and confirming operations in Colombia. More Financing for SMEsFinaktiva and Libera, both Colombian companies, seek to facilitate one of the main problems SMEs face in the world: access to financial services, reported Colombia Fintech. With this recent acquisition, Finaktiva could “be a key player in the fintech sector to strengthen its solution to the financing needs of SMEs,” said its CEO, Pablo Santos.