Fintech-Focused Investors for Startups in LATAM

The Latin American fintech ecosystem

Fintech is undoubtedly the most important industry in Latin America’s venture capital ecosystem. The number of startups and the volume of funding they have received in the region over time—and in recent years—speak for themselves.

See the classification criteria at the end of this post.

Here are a few figures:

• 33% of venture capital investment went to fintech in 2023 in Latin America, according to the report “Venture Capital in LATAM: Trends and Opportunities 2023” by Cuantico.
• In 2023, there were 3.069 fintech startups across 26 different countries, according to the “Fourth Report in the Fintech in Latin America and the Caribbean Series” by Finnovista.

For this reason, we decided to map investors in the industry that drives the greatest volume of investment and startups in Latin America. 

Venture capital investors specializing in fintech for startups in LATAM

This list includes institutions with a high level of specialization in and preference for fintech, which in some cases is their sole investment industry. At most, the institutions on this list focus on 3 industries, including fintech.

1. Accion Venture Lab. Accion Venture Lab provides capital and extensive support to innovative, scalable fintech startups that improve the reach, quality, and affordability of financial services for the underserved.
2. ADN.VC. ADN.vc is launching a $2M pre-seed fund in Peru to back Pacific Alliance FinTech and PropTech startups, leveraging the GP’s experience advising founders in these sectors to raise +$100M and achieve a 10X exit in the FinTech ecosystem.
3. AMG Block. AMG Block is an early-stage venture capital fund focused on fintech and blockchain investments in Mexico and Latin America.
4. Alpha Impact 8. Alpha Impact 8 partners with tech, fintech, and future-of-work startups founded by diverse or female founders who are solving systemic problems.
5. Tantauco Ventures. Tantauco Ventures is a regional fund that invests in early-stage startups (pre-seed, seed, and Series A) in the Fintech, SaaS, and Marketplace categories across Latin America. 
6. Finnovista.vc. Finnovista.vc is a venture capital firm that leads rounds in pre-seed and seed-stage fintech companies in Spanish-speaking Latin America. 
7. Flori Ventures. Flori Ventures is a seed-stage fund investing in top entrepreneurs who are using technology to tackle two of the most impactful challenges in emerging markets: climate change and access to the financial system.
8. G2 Momentum Capital. G2 Momentum Capital is a private investment fund focused on early-stage and growth-stage startups. Our goal is to find passionate, talented partners with innovative, disruptive business offerings.
9. HTwenty Capital. The fund invests in B2B companies that leverage technology in fast-growth sectors to disrupt existing markets or create new ones within the verticals of Vertical Marketplaces, Software-as-a-Service (SaaS), and Fintech.
10. Imagine Ventures. Our mission is to support early-stage startups from Latin America that aim to make a positive impact on society by addressing the region’s main productive, financial, social, and technological challenges and building innovative businesses that leave a mark.
11. Inca Ventures. INCA Ventures is a venture capital fund based in Lima, Peru. We invest in early-stage startups in the Andean region, focusing on fintech and related sectors, as well as underrepresented founders.
12. Insta Global Ventures. Insta Global Ventures is the CVC arm of Instacredit, a leading lending corporation in Central America. It looks for promising startups in Fintech (especially the lending lifecycle), Embedded Finance, data construction, and infrastructure.
13. KALONIA VENTURE PARTNERS. Kalonia Venture Partners is a venture capital firm focused on the Spanish-speaking parts of the world (Spain and LATAM). We support the founders we invest in from the seed and early stages (not limited to seed capital) through Series A, helping them grow and scale in the early stages, including expansion into new markets.
14. Krealo. Krealo is Credicorp’s corporate venture capital arm, founded in 2018. Its goal is to invest in fintech companies operating in the Andean region that can complement Credicorp Group’s businesses and shape the future of financial services.
15. LEAP Global Partners. LEAP Global Partners is a cross-border venture capital firm that invests in LatinX founders and startups that view the Latin American market as critical to their long-term success.
16. Melek Capital. Melek Capital is a venture capital firm helping early-stage startups scale.
17. Nascent VC. Nascent VC is an early-stage venture capital firm focused on opportunities in Latin America. At Nascent, we believe investor-market fit is as important as founder-market fit. That’s why we only invest in the three sectors where we have operational experience: fintech, proptech, and commerce.
18. Oikocredit. Oikocredit is a global impact investor.
19. Pant3ra Venture Fund. Pant3ra Venture Fund is a venture capital firm focused on investments in the mobility and logistics sectors in Mexico, the U.S., and Latin America. Its main goal is to invest in technology-focused companies, based mainly in Mexico, the U.S., and LATAM, in sectors with strong growth and development potential, such as mobility and logistics, e-commerce, and fintech—sectors well known to the team.
20. Polymath Ventures. At Polymath Ventures, we invest in and build early-stage tech companies that serve Spanish-speaking Latin America's emerging middle class and SMBs in the Vertical SaaS, FinTech, and HealthTech verticals.
21. Pygma(Accelerator). At Pygma, we are a startup accelerator backing Latin founders in both LATAM and the U.S. who are building the future.
22. Rally Cap Ventures. Rally Cap Ventures is the preeminent emerging-market fintech fund and community. Backed by over 240 fintech operators, Rally Cap is a highly value-add specialist VC focused on fintech infrastructure. We invest in LATAM, Asia, MENA, and Africa in the early stages of a business (pre-seed and seed).
23. Sancor Seguros Ventures. Sancor Seguros Ventures is a corporate venture capital fund that invests in and empowers disruptive technology startups with global reach that are looking to scale and expand their businesses and/or can generate an impact on the business or value chain of Grupo Sancor Seguros. The group is a leader in Argentina’s insurance market in the Insurtech, Fintech, and Healthtech sectors, and invests in companies that make intensive use of technologies with a high impact on society.
24. SquareOne Capital. Square One Capital is a Miami-based venture capital firm specializing in disruptive, technology-centric investments in the financial services and consumer sectors of emerging markets. With a forward-thinking approach, they identify and support innovative startups and high-growth companies that transform industries.

Venture capital investors with a preference for fintech startups in LATAM

This list includes institutions that explicitly mention fintech as one of their industries of interest, while also having at least 3 other industries of interest.

Generalist funds that did not explicitly list fintech as an industry of interest were not included.

1. 99 Startups. We invest in pre-seed and seed companies, with average ticket sizes between $50k USD and $100k USD, in Spanish-speaking LATAM countries.
2. AC Ventures. AC Ventures is a CVC sponsored by Arca Continental, the world’s third-largest bottler and distributor for The Coca-Cola Company, with operations in the US, Mexico, Peru, Argentina and Ecuador. We invest globally, primarily in early-stage startups in the retail tech, industry 4.0 and fintech verticals, although we also look for opportunities in snacks, healthy food, and the plastics and water value chain. Additionally, we act as an LP in other VC funds globally.
3. ALIVE Ventures. Acumen Latam Impact Ventures (ALIVE) seeks to transform the lives of low-income communities in Latin America, with a focus on Colombia and Peru, by investing in socially impactful companies with profitable business models that need capital to grow. 
4. Angel Ventures. Founded in 2008, Angel Ventures (AV) is one of the most active and influential Mexican VC firms in Latin America. The firm invests in companies from the early stage through early growth, becoming a leading Seed and Series A investor in startups driving innovative business models tailored to the Latin American market.
5. Babasú Ventures. Babasú Ventures is launching a $10MM Seed and Pre-Seed fund based in Bolivia to help underrepresented American founders in fintech, SaaS, AI, edtech, mobility, and climate tech scale, drawing on the partners’ experience as advisors, angel investors, and ecosystem builders, and backed by a successful investment committee.
6. Blumberg Capital. Blumberg Capital is an early-stage venture capital firm that partners with visionary entrepreneurs to build successful technology companies that empower individuals, businesses, and society through the innovative use of AI, big data, and other transformative technologies.
7. Capria Ventures. Capria Network is the leading network of fund managers from the Global South, collaborating to deliver superior returns and scaled impact. Member firms manage assets exceeding USD 1 billion and have a presence in 37 emerging countries across Africa, Latin America, India, and Southeast Asia. 
8. CAFI. CAFI (Central America Angel Fund Initiative) is Central America’s angel investor network, supporting entrepreneurs who use technology to solve Latin America’s biggest challenges.
9. Carabela. Carabela is a seed fund that invests in entrepreneurs leading early-stage startups in Latin America.
10. C-Labs. C-Labs is a space that fosters the development of solutions for the data industry in the region.
11. Cencosud Ventures. Our mission is to leverage and accelerate regionally based startups that are strategically important to our business units, generating and strengthening core competitive advantages. We pursue strategic returns by investing in disruptive technologies shaping the future of retail, e-commerce, fintech, logistics, and supply chains.
12. CompuSoluciones Ventures. CompuSoluciones Ventures is a CVC that seeks to invest in early-stage startups, primarily in Latin America, with a B2B business focus and connected to the ICT industry.
13. Dalus Capital. Dalus Capital is an international venture capital firm that backs purposeful entrepreneurs building enduring, market-leading companies that achieve the impossible. Its investments emphasize scalable solutions to significant problems in Latin America, across four investment themes: inclusion, climate innovation, business productivity, and digital consumers.
14. Dalton LABS. Dalton LABS is a venture studio that creates, accelerates, and invests in extraordinary mobility, real estate, and fintech solutions that can change the status quo and deliver social, environmental, and economic impact.
15. Draper Cygnus. Draper Cygnus is a +$50 million early-stage fund investing from pre-Seed to Series A in the next generation of converging technology companies. Our thesis is to back Latin American entrepreneurs building on innovation platforms that are the foundation of emerging paradigms, leveraging deep tech and innovation to move society toward sustainability and decentralization.
16. Eqwow Ventures. A venture capital firm investing in visionary entrepreneurs and startups across Latin America. We focus on scalable, resilient, and sustainable solutions that create value for all stakeholders while generating strong returns. Our team combines a results-driven approach with a commitment to positive, lasting impact. We believe entrepreneurship is key to addressing social and environmental challenges in the region.
17. Falabella Ventures. Falabella Ventures is the corporate venture capital arm of Falabella Group, one of Latin America’s leading retail and service corporations. Our mission is to invest in innovative companies that address key challenges and create value across our diverse business units, including Sodimac (home improvement), Banco Falabella (banking), Tottus (supermarkets), Mallplaza (shopping malls), Falabella Retail, Falabella Marketplace, and IKEA.
18. FEMSA Ventures. Draper Cygnus is a +$50 million early-stage fund investing from pre-Seed to Series A in the next generation of converging technology companies. Our thesis is to back Latin American entrepreneurs building on innovation platforms that are the foundation of emerging paradigms, leveraging deep tech and innovation to move society toward sustainability and decentralization.
19. Ferter. Ferter is a cross-border venture capital fund focused on technology-based startups that drive economic growth, primarily in regions of Mexico and the United States near the Rio Grande.
20. Fondo Impacta. Impacta is an impact venture capital fund founded by EAN University in Colombia. It operates in Pacific Alliance countries (Chile, Mexico, and Peru) to support environmental and social enterprises in areas related to green and climate technology, inclusion and social diversity, and education and finance.
21. Hi Ventures. Hi Ventures. We invest in Latin American startups with global ambitions.
22. InQlab. InQlab is a VC firm focused on investing in early-stage, tech-based startups in the Colombian and Latin American markets. We are sector-agnostic, as long as technology enables extraordinary growth. We have an unparalleled sense of ownership and are committed to the growth of our investments.
23. Lotux Ventures. Lotux Ventures is a pre-Seed venture capital firm based in Mexico City.
24. Magma Partners. Magma Partners supports the best entrepreneurs in Latin America who want to launch and scale their startups in the US and Latin America.
25. Manutara Ventures. Manutara Ventures is a leading early-stage VC firm headquartered in both Miami and Santiago, Chile. Our approach is early and hands-on. We focus on several verticals, especially SaaS, fintech, and the future of work.
26. MatterScale Ventures. Invest in companies that matter: MatterScale invests in technology solutions that improve the quality of life for millions of people by offering high-quality, affordable, and accessible services. Examples include education, healthcare, employability, and financial services.
27. Mercado Libre Fund. Mercado Libre Fund invests in tech companies that directly or indirectly democratize commerce and financial services in Latin America.
28. Morro Ventures. Morro Ventures is Puerto Rico’s first institutional early-stage venture capital firm investing in technology companies across Latin America.
29. New Stack Ventures. New Stack leads rounds at the early seed stage (angel, pre-Seed, and Seed), with an emphasis on B2B SaaS, fintech, and e-commerce.
30. New Ventures Capital. New Ventures Capital (NVC) is an impact fund manager that invests in entrepreneurs with innovative, market-based solutions and exceptional potential to scale, addressing social and/or environmental gaps in emerging countries and serving underserved populations.
31. Kamay Ventures. Kamay Ventures is a pioneering multi-corporate venture capital fund that provides a unique platform for multiple corporations to invest in innovative, disruptive, and scalable ventures. As strategic partners, Kamay Ventures offers entrepreneurs robust growth opportunities through capital, industry expertise, and an extensive partner network.
32. Roquin Ventures. Roquin is a corporate venture capital initiative that is part of Foliatti Casino Group. It aims to bring the corporation closer to the entrepreneurial ecosystem, as well as to new trends and the development and implementation of new technologies in business.
33. Salkantay Ventures. Salkantay Ventures is a venture capital fund that invests in early-stage technology companies using technology to close gaps in opportunity and access to essential products and services.
34. Wayra. Wayra is the open innovation hub of the Telefónica Group.
35. Yes Ventures. YES Ventures is an impact venture capital firm that invests in impact-driven founders aligned with the SDGs across Latin America.

Criteria for classifying institutions

• Institutions focused on a maximum of 3 industries, including fintech, were considered specialized.
• Institutions specializing in more than 3 industries were considered to have a preference for fintech.
• Agnostic institutions that did not explicitly mention fintech were not considered.