Analysis
FinMaq has raised $6.5 million in a Series A funding round led by Accion to expand its digital equipment-financing platform for small businesses and independent workers in Colombia, according to The SaaS News. It's one of several Latin American fintech deals on Value Add Pulse's funding tracker this week.
What FinMaq does
Founded in 2014, FinMaq provides machinery and equipment financing through its digital platform, serving small businesses and independent workers who have limited or no formal credit history. Working through more than 40 machinery distribution partners, it offers loans, lease-to-own options with purchase rights, and bundled aftersales support, according to ImpactAlpha, which also reports the company is based in Bogota. FinMaq's co-founders are Diego Sanz de Santamaría and Diego Acero, per Forbes Colombia.
FinMaq funding history
FinMaq's prior round, closed in early 2025, raised $29 million in mixed debt and equity, led by Bogota-based impact investor ALIVE Ventures, with debt participation from Accial Capital and local lender Iris Bank, per ImpactAlpha and Forbes Colombia. This new $6.5 million Series A, by contrast, is a pure equity round. Neither round disclosed a post-money valuation.
“This new $6.5 million Series A, by contrast, is a pure equity round.”
Who invested in FinMaq
Accion led the Series A. Participants included Mundi Ventures and returning investors ALIVE Ventures and 30N Ventures, both of which backed the earlier $29 million round, according to The SaaS News and LatamFintech.
Equipment-finance market and competitors
Micro, small and medium enterprises represent more than 99% of Colombia's business base, per LatamFintech -- the pool of potential borrowers FinMaq's alternative credit-scoring model is built to serve, in a segment traditional Colombian banks have historically underserved because of thin or informal credit histories. The announcement did not name direct equipment-finance competitors or a total addressable market figure. FinMaq's distributor-partnership model -- working through more than 40 machinery distribution companies rather than marketing loans directly to borrowers -- is itself a form of competitive positioning: it lets the company originate loans at the point of equipment purchase, where a small business owner is already committed to buying, rather than competing for attention in a crowded digital-lending market.
What to watch next
FinMaq says it aims to reach more than $200 million in cumulative loan disbursements within 18 months and add more than 5,000 additional clients, expanding into new rural and urban business segments. That target implies disbursement volume roughly seven times the size of its prior $29 million round over a year and a half, a steep scale-up for a lender whose borrowers by definition carry thin credit files. With $29 million of its prior round structured as debt, the company's growth is tied closely to its ability to keep originating and servicing loans profitably at scale -- the key number to watch is default and recovery rates on that loan book as disbursements climb toward the $200 million target, not just the size of future equity rounds.
For comparison, Colombia's broader fintech sector has drawn growing international investor attention over the past two years as regional players look past the larger, more saturated Brazilian and Mexican markets, and equipment and asset-backed lending in particular has attracted capital because the underlying collateral -- machinery that can be repossessed and resold -- gives lenders a credit backstop that unsecured consumer lending lacks. That structural advantage is part of why FinMaq has been able to raise debt facilities alongside equity rather than relying on venture capital alone to fund its loan book, a hybrid capital structure more common among asset-backed lenders than among typical software startups.