On November 3, the Latin American financial technology company Fintual completed a financing of 39 million US dollars, with Sequoia Capital leading the investment.
The total financing amount reached 57 million U.S. dollars, and previous investors included Kaszek, ALLVP and Y Combinator. Fintual is an asset management company that provides a variety of financial services. Mainly savings and investment.
It is the first company of its kind in Chile and Mexico to attract new customers in a fully digital manner.
Fintual is regulated in these two countries. Fintual’s asset management amount is 665 million U.S. dollars and is expected to reach 1 billion U.S. dollars in the next three or four months. It will reach approximately US$2 billion by the end of next year.