Fina raises US$1 million to scale its business management platform in Venezuela

Fina, a Venezuelan startup founded in 2024, closed a US$1 million seed round to drive growth of its business management platform for small and medium-sized businesses. The deal, announced this week, brought together investors from the United Kingdom, the United States, Chile, and Brazil, as well as angel investors connected to Latin America's fintech ecosystem.

The round comes amid an increase in international investment in Venezuela's technology sector. A month earlier, Cashea, the country's largest Buy Now, Pay Later (BNPL) fintech, raised US$100 million, split between a US$40 million Series A and a US$60 million Series B. Although the amounts differ significantly, both deals have one thing in common: they aim to address structural frictions in the Venezuelan market through software solutions.

Fina targets the management needs of small and medium-sized businesses

Fina's platform aims to meet a need shared by thousands of small businesses in Venezuela, where administration is still handled using notebooks, spreadsheets, or disconnected tools.

Its cloud-based solution brings together tools for inventory, sales, accounts receivable, accounts payable, and profitability reporting. The service costs US$35 per month, calculated at the official exchange rate of the Central Bank of Venezuela (BCV).

The platform was also designed with low-connectivity environments and small teams in mind, realities for the businesses it serves, including auto parts stores, hardware stores, technology shops, restaurants, corner stores, service providers, and distributors.

The company says it currently serves more than 5.000 active businesses in Venezuela, a customer base built by a company founded two years ago.

“We firmly believe in Venezuela's potential and in commerce as a strategic driver of the economy.” Enrique Rivas, Fina's co-founder and CEO, said in a press release issued by the company.

A round backed by investors from the United Kingdom, the United States, Chile, and Brazil

The seed round brought together funds with a presence across several geographies:

• Tomorrow Capital, from the United Kingdom.
• Square One Capital, from the United States.
• Platanus Ventures, from Chile.
• Neer Ventures, from the United States.
• Norte VC, from Brazil.
• Angel investors connected to fintech companies in Latin America.

The investors' geographic distribution reflects participation from capital sources in different markets. The United Kingdom brings experience in emerging markets, while the United States is represented by two funds. Chile and Brazil, in turn, bring investors with regional expertise.

According to El Español's coverage of Venezuela Tech Week 2026, held in Caracas from 11 to 13 May, efforts are underway to put Venezuela back into the regional and international technology conversation.

Cashea's precedent and the growth of Venezuela's technology ecosystem

Fina's deal follows recent rounds announced by Cashea. The fintech, founded in 2022 and based operationally in Argentina, closed a US$40 million Series A in March, led by Spice Expeditions. The round included US$20 million in equity and US$20 million in debt provided by Architect Capital.

Later, in June, Cashea raised a US$60 million Series B, led by FinSight Ventures, with participation from Endeavor Catalyst, Plug and Play, U.S. university endowment funds—including Washington University in St. Louis—and other Latin American investors.

According to figures cited by La Nación, consumer credit in Venezuela grew from nearly US$15.000 million to approximately US$1.700 million between 2013 and 2020.

In this context, Cashea has surpassed 10 million user accounts, works with approximately 40.000 businesses, and has processed more than 100 million transactions, according to company data cited by Bloomberg Línea.

Digital infrastructure to meet market needs

While Cashea focuses on access to credit through its Buy Now, Pay Later model, Fina targets another segment: business management for small and medium-sized businesses.

Both companies are developing digital solutions to meet the needs of a market where credit and formal administrative tools have struggled to reach small businesses.

According to World Bank estimates cited in Bloomberg's coverage, 76% of adults in Venezuela have a financial account. Mobile money and digital wallets account for 34% of the country's digital transactions, while 18% of adults use mobile money as their only financial service.

In this context, the US$1 million round will allow Fina to expand its business management platform as it continues developing digital tools for small and medium-sized businesses in Venezuela.