Galgo—the Chilean fintech company seeking to provide access to credit for unbanked foreigners– successfully closed its funding round for US$40.8 million led by the Mexican fund Nazca and with participation from the Colombian group Auteco. 

The company, Ex Migrante, is establishing itself in Latin America as one of the leading marketplaces for motorcycle sales and financing, and it also stands out for its focus on generating social impact, providing access to credit for the first time to more than 15,000 people and significantly improving their quality of life.

Since the beginning of this project, Fynsa AGF has been involved in structuring the Fynsa Migrante private debt fund, raising more than US$30 million. As a pioneer in this investment category, the fund manager remains committed to the success of the Galgo project, which is now expanding into Mexico.

As a company, we participated in the 2023 funding round through a SAFE (Simple Agreement for Future Equity) agreement related to Galgo’s future Series B round, strengthening our business partnership with a view to expanding into Latin America.

The Galgo–Fynsa AGF partnership continues to strengthen its business ties, always with focus on profitability and business sustainability.