Bogota - based start - up Portal Colombia and Latin American financial services giant BTG Pactual have formed a $ 200 m joint venture aimed at SMEs in Chile and Colombia . The venture follows a successful pilot between the two companies in January , and has extended 200 loans in Chile and 500 in Colombia . By 2017, it expanded its products to include an offering for large corporations to help them manage their payments to small businesses. Company CEO Diego Caicedo said the company expects to be profitable by 2018 , while an additional $ # ##m in financing is expected to close soon .
Bogota - based start - up Portal Colombia and Latin American financial services giant BTG Pactual have formed a $ 200 m joint venture aimed at SMEs in Chile and Colombia . The venture follows a successful pilot between the two companies in January , and has extended 200 loans in Chile and 500 in Colombia . Company CEO Diego Caicedo said the company expects to be profitable by 2018 , while an additional $ # ##m in financing is expected to close soon .