Venture Debt Funds in Latin America

With the growth in the number of fintech startups in Latin America, we have seen an increase in other types of institutions that support the growth of this industry by providing complementary services to these startups. These services may include API infrastructure, open banking, CVC, and one of the most important: venture debt.

Driven primarily by “buy now, pay later” (BNPL), venture debt has become increasingly important in startup funding rounds, particularly from Series A onward. But what exactly is venture debt?

‍What is venture debt?

Venture debt is a form of financing that provides working capital to early-stage or growing companies in exchange for a fixed interest rate and a repayment term. Compared with venture capital, venture debt is less risky and offers investors greater security.

With that in mind, here is our directory of venture debt funds for startups in Latin America. We list and share the leading players in the venture debt investment industry for startups in Latin America (LATAM).

You can also download each institution’s contact information in the downloadable file at the top of the directory.

‍Venture Debt in the United States

Community Investment Management. Community Investment Management (“CIM”) is the first impact investment firm focused on marketplace lending. CIM provides responsible and transparent financing to small businesses and underserved communities in the United States in partnership with a select group of technology-driven lenders. CIM combines experience, innovation, and values to align the interests of borrowers and investors.

PFGrowth. PFG provides debt capital for growth-stage companies globally, partnering with businesses across the technology, life sciences, and healthcare sectors to offer specialized lending solutions beyond what is available from traditional lenders.

Novel Capital. Novel Capital’s fintech funding platform breaks down the traditional growth barriers faced by today’s B2B software companies. Its tech-first approach makes it easy for customers to leverage future recurring revenue for immediate access to non-dilutive capital.

Accial Capital. Accial Capital ​is an impact-focused, tech-enabled investor in asset-backed “fintech” lending portfolios in emerging markets. ​Accial Capital provides emerging market loan originators access to proprietary data, technology, and capital, allowing them to approve more great borrowers and cultivate healthy financial inclusion.

Architect Capital. Architect Capital is a San Francisco-based asset manager that provides liquidity against novel, esoteric, and tech-enabled assets.

TriplePoint Capital. TriplePoint Capital is a leading global specialty finance company with unsurpassed capacity to transact leases and loans with leading high-growth companies throughout their lifespan.

Victory Park Capital. Victory Park Capital Advisors, LLC (“VPC”) is a global alternative investment manager. VPC invests in emerging and established businesses across various industries in the U.S. and abroad that are often unable to access traditional sources of capital.

Bridge Bank. We work with growing technology, innovation, and life sciences startups across the country. No matter your company’s stage of growth, you’ll benefit from working with an expert relationship manager who knows your business and accounts inside and out.

Goldman Sachs.  At Goldman Sachs, we believe progress is everyone’s business. That’s why we commit our people, capital, and ideas to help our clients, shareholders, and the communities we serve to grow.

IDB Invest. IDB Invest, a member of the Inter-American Development Bank Group (IDB Group), is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects so they can achieve financial results and maximize economic, social, and environmental development in the region.

BlueLikeOrange.  Blue like an Orange Sustainable Capital seeks to invest in opportunities across a diversified set of emerging-market companies that deliver both strong risk-adjusted returns and social impact aligned with the Sustainable Development Goals (SDGs).

Open Road Alliance. Open Road Alliance eliminates funding delays and accelerates growth for impact-first companies. Open Road offers fast, flexible, and affordable financing in the form of short-term bridge loans to companies across geographies and sectors facing discrete, unforeseen financing gaps that threaten to derail their work. From installing mini-grids in West Africa to addressing the challenges of financial inclusion in Colombia, Open Road’s loans are designed to ensure that companies addressing the world’s greatest challenges, like climate change and inequality, can continue to scale.

Venture Debt in Mexico

Anteris. A structured debt fund to support and strengthen companies’ growth. It aims to be an attractive complement to financing needs for projects, growth, working capital, and more.

Altum Capital. We offer financing to help small and medium-sized businesses, non-bank financial institutions, and private equity funds reach their full potential.

Poligono Capital. Polígono Capital is a family office focused on finding promising startups and talented entrepreneurs with the potential to change the world.

Fairplay. We fuel the growth of digital businesses with financing they can invest in marketing, increasing inventory, and improving logistics.

Alloy Capital. Alloy provides growth capital to Mexican middle-market companies that can capitalize on opportunities and demographic trends. We partner with these companies during their expansion stage, providing capital and strategic support.

CO.Capital. We are redefining the definition of success for capital, aligning financial returns with social and environmental impact solutions. We invest in early-stage and early-growth enterprises in Latin America across different sectors: i) education, workforce, and economic development; ii) access to healthcare; iii) access to basic sustainable infrastructure; and iv) the nexus between agriculture, food systems, and regeneration.

VIWALA VIWALA was founded in response to the urgent need to support companies that promote inclusion in the formal economy and generate social or environmental impact.

Addem Capital. Addem Capital is a Mexican private equity fund offering alternative structured credit lines in five sectors: fintech, real estate, energy, sustainable agriculture and food, and healthcare. We create and fund customized debt lines for companies originating productive assets in Latin America that actively contribute to strengthening the entrepreneurial ecosystem.

Venture Debt in Brazil

a55. Founded in 2017, a55 is the first Brazilian fintech specializing in investments for new-economy companies. It has already accelerated around 600 companies in Brazil and Mexico, investing more than 400 million reais.

Brasil Venture Debt. Brazil’s first venture debt fund, offering credit solutions for startups backed by institutional investors.

Venture Debt in Colombia

Bancoldex. Colombia - Bancóldex is the bank for Colombian entrepreneurs. It is an entity affiliated with Colombia’s Ministry of Commerce, Industry and Tourism, and its mission is to promote business development by creating financial and nonfinancial products designed to facilitate the modernization of the country’s micro, small, medium-sized, and large companies.

AlphaMundi. AlphaMundi is exclusively dedicated to Impact Investing, with an emphasis on human development and environmental preservation in developing countries. We provide debt and equity financing to profitable and scalable ventures in various sectors including fintech, rural microfinance, smallholder ag

Global Venture Debt

Origin FP.  Origin Funding Partners is a regulated, private credit investment firm that helps institutional investors access attractive, stable investment returns while making a positive impact in some of the world’s poorest communities. We focus on high quality, primary origination. We understand that to attract private capital to impact investing, the investment has to make sense independently of the impact thesis.

Nesst. NESsT develops sustainable social enterprises that solve critical social problems in emerging market economies. NESsT is a catalyst for social enterprises in emerging markets and worldwide. We achieve our mission by providing financial capital, training and mentoring, and access to markets for a high-impact portfolio of social enterprises in emerging markets.

BBVA Spark.  Grow and scale without losing control of your business. With our Venture Debt solution, extend your runway while minimizing dilution.

Element SaaS Finance. Element SaaS Finance is a boutique growth finance company that lends to SaaS and recurring revenue companies. We believe there’s a different way to grow, and SaaS finance should be straightforward and tailored to the needs of a business.

Emso. Emso is an alternative asset manager investing across emerging market fixed income. Emso has a research-focused investment style, based on local knowledge and decades of experience. Emso analyzes a broad array of risk factors – political, legal, technical, and ec

Venture Debt in Other Countries

ClearCo. Canada - World’s largest eCommerce investor built by Founders for Founders. Equity-free. Bias-free. Hassle-free.

Triodos Bank. Netherlands - Triodos Bank is a leading expert in sustainable banking. Our mission is to make money work for positive change. We are more than a bank. We are a community. Get to know us and join the movement for change.

Bloom. UK - Fast, affordable growth capital. Get up to £10m. No dilution, no personal guarantees, no fuss. Only pay for what you use.

Lendable. Nairobi - Lendable is a technology-enabled investment and alternatives platform that focuses on global impact alternatives. Our mission is to create a more equitable and sustainable world through data and finance.

BTG Pactual. Chile - With a significant presence in Investment Banking, Sales & Trading, Wealth Management, Asset Management, and Corporate Lending. These divisions work to comprehensively meet the diverse needs of institutional, corporate, and high-net-worth clients.

Pomona. Central America -  Pomona Impact supports and invests in Small Growing Businesses across Mexico, Central America, Colombia, and Ecuador in agriculture, basic services (health, education, housing, energy and water) and the digital economy to help profitably scale their impact.

Responsability. Europe - responsAbility Investments AG invests across three investment themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns.