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.