That left businesses with only supply chain financing and factoring as the only alternatives. Bogota-based start-up Portal Finance and Latin American financial services giant BTG Pactual have formed a $200m lending venture aimed at SMEs in Chile and Colombia. The move follows a successful pilot between the two companies in January, and has extended 200 loans in Chile and 500 in Colombia. “Colombia is one of our most important markets for us,” said CEO Juan Carlos Arango on Tuesday.
Bogota-based start-up Portal Finance and Latin American financial services giant BTG Pactual have formed a $200m lending venture aimed at SMEs in Chile and Colombia. The move follows a successful pilot between the two companies in January, and has extended 200 loans in Chile and 500 in Colombia. “Colombia is one of our most important markets for us,” said CEO Juan Carlos Arango on Tuesday.