Colombia's Platam adds B Venture Capital to fund SME lending push

What's the deal? Colombian fintech PlatamDealroom has a profile for this one. Try Dealroom → has added B Venture CapitalDealroom has a profile for this one. Try Dealroom → (BVC) as a new investor. The startup builds embedded lending infrastructure that lets micro, small, and medium-sized enterprises (MSMEs) access working capital through the platforms and tools they already use.

What's the endgame? Platam offers financing products including buy now, pay later (BNPL), confirming, and factoring. The company wants to keep developing its MSME credit model and expand across Latin America.

Why now? Over the past six months, Platam more than tripled the size of its portfolio while maintaining credit quality and growing disbursement volumes. The new backing is meant to sustain that momentum.

"Thank you for trusting our mission to bring working capital to the region's MSMEs through embedded lending, without them having to leave the platforms where they already operate," said chief executive officer Nicolás Villa Peláez on LinkedIn (translated from Spanish).

The investor: BVC adds Platam to a portfolio of more than 30 Latin American startups. The fund invests mainly in pre-seed and seed-stage technology companies.

The signal: Embedded lending is emerging as a channel to close the working-capital gap for Latin America's MSMEs, placing credit inside the digital tools businesses already rely on rather than asking them to seek it out.

Read more: latamfintech.co

Image credit: Generated with Gemini