Finkargo Company Research Report
Company Overview
Name: Finkargo
Mission of the Company:
Facilitating the growth of Latin American importers through streamlined international trade services.
Founding Details:
- Founded in: 2021
- Founders: No information is available
Key People:
- CEO (Visionary): Santiago Molina
- Chief Revenue Officer: Tomás Shuk
- Integrator/President: Andrés Ferrer
- Chief of Staff: Daniel Restrepo
- VP of Finance: Andrés Ortiz
- VP of Tech and Analytics: David Echeverri
- VP of Legal: Maria Garrido
- VP of People: Ana Maria Garcia
Headquarters:
- Bogotá, Colombia: Cl. 81 #11-08, Localidad de Chapinero, Bogotá, Cundinamarca
- Mexico City, Mexico: Calle Montes Urales 424, Lomas – Virreyes, Lomas de Chapultepec V Secc., Miguel Hidalgo, Ciudad de México
Number of Employees: No information is available
Revenue of the Company: No information is available
What is the Company Known For:
- Finkargo is known for its innovative platform that provides financing, insurance, and analytics services to facilitate the import operations for Latin American businesses.
Products
Verifica
- Description: Service for verifying the authenticity and quality of international suppliers and goods.
- Key Features:
- Verifying existence and legitimacy of suppliers.
- Inspecting the quality of merchandise to meet buyer specifications.
- Ensuring goods comply with local and international regulations.
Protege
- Description: Comprehensive insurance coverage for imported goods.
- Key Features:
- No deductibles for insurance claims.
- Coverage from supplier to end customer.
- Extended coverage in special zones such as free trade zones.
Analiza
- Description: Data analysis platform for international trade operations.
- Key Features:
- Competitive analysis and market insights.
- Demand prediction models.
- Custom reports and data dashboards for detailed business analysis.
Paga
- Description: Flexible financing solution for importers.
- Key Features:
- Credit lines up to USD $2.2 million.
- Financing terms between 30 to 150 days.
- Rapid application process with responses within 72 hours.
Recent Developments
2023
- March: Launched "Protege," a new product to insure goods throughout the import process.
- September: Achieved financing milestones, surpassing USD $200 million in financed goods for over 240 clients. Added two new products, "Verifica" and "Analiza," to streamline trade operations further.
2022
- November: Secured a major investment of USD $75 million to boost the growth of SMEs in Colombia.
Other Developments
- Funding and Investments:
- March 2021: Initial seed funding of USD $7.5 million to drive growth.
- November 2021: USD $75 million investment to further enhance Finkargo’s platform and reach.
- Geographical Expansion:
- July 2021: Started operations in Mexico.
- Business Growth:
- Financed over USD $100 million worth of imports by May 2023.
- Supported over 1,200 import operations among 147 clients in Colombia.
- Recorded a significant transaction volume of USD $6 million in one month.
New Partnerships:
- Finkargo is backed by notable investors such as Community Investment Management, Quona Capital, Flybridge, Maya Capital, and One VC, ensuring robust support for its growth and operations.