Galgo continues to surpass milestones. The Chilean Fintech, with operations in Chile, Peru, Colombia and Mexico, has just signed a collaboration agreement with the International Finance Corporation (IFC), a member of the World Bank Group, which will allow them to learn even more about the unbanked industry in the region.

Galgo - formerly Migrante - provides loans to people without access to bank credit to buy vehicles, mainly motorcycles, to enable them to enter the labor market and improve their quality of life .

The collaboration agreement with IFC -which works in more than 100 countries and uses its capital, knowledge and influence to create markets and opportunities in developing countries- contemplates their collaboration to identify and prioritize the needs of these sectors, generally neglected by traditional banking, through measures such as the review of risk mitigation models or the definition of roadmaps for product improvement.

Eventually, this agreement will allow Galgo to continue to grow in the region, reaching more and more families that require this work tool and thus continue to provide opportunities to this underserved segment.

Since the beginning of this project, Fynsa AGF has participated in the structuring of the private debt investment fund Fynsa Migrante, raising more than US$ 30 million. The fund manager will continue betting on Galgo's success and supporting them in their growth, always focusing on the profitability and sustainability of the business.