Colombia's Kala raises ~$63M in debt to enter capital markets

What's the deal? Colombian fintech Kala has issued COP 195,000,000 million (roughly $63 million) in securities backed by its loan portfolio, its first issuance under a new securitisation programme with a total ceiling of COP 1 trillion. The tranche was structured by Titularice S.A. and its senior portion was subscribed by GramercyDealroom has a profile for this one. Try Dealroom →.

What does Kala do? Founded in 2021, the AI-native company runs the full credit cycle — origination, servicing, and collection — lending to pensioners and workers in Colombia. Under the securitisation, investors buy notes backed by Kala's loan book while the company retains servicing through its own platform.

Why now? The deal marks Kala's shift from traditional funding to the capital markets, broadening its base of international investors. It brings the company past $150 million in combined equity and funding since its founding.

What's the endgame? "This securitisation programme expands our reach to more investors who want exposure to high-quality assets managed efficiently and transparently," said Manuel Alemán, chief executive officer and co-founder of Kala.

What they're saying: "We invest in originators that combine asset quality with operational excellence," said Javier-Ledesma Arocena, partner and portfolio manager at Gramercy. He called Kala's loan book, management team, and servicing capabilities "an excellent investment structure" within the firm's emerging-markets strategy.

The signal: Kala's issuance shows that tech-originated loan books can meet capital-markets standards, opening a funding path for other technology-driven lenders. As Titularice's Gerardo Recinos put it, the deal "marks a path for more technological originators to access this type of funding."

Read more: latamfintech.co

Image credit: Generated with Gemini