AVLA, a prominent provider of surety and trade credit solutions, has successfully secured $25m in funding from a host of distinguished investors.
The tranche, which included participation from Creation Investments Capital Management, DEG Invest, and Altra Investments, propel AVLA’s ambitious international growth strategy, with a particular focus on entering the lucrative US market, according to InsurTech Insights.
The company has its sights firmly set on expanding and the capital injection is set to help facilitate that, as the South American firm looks to scale its operations and reinforce its presence among small and medium-sized enterprises (SMEs) across Latin America and beyond.
Headquartered in Chile, AVLA has established itself as a major player in the Latin American market, generating approximately $150m in insurance revenue in 2023.
Recognised among the top five providers of surety and trade credit solutions in the region, AVLA operates across key markets such as Brazil, Mexico, Chile, and Peru.
Ignacio Álamos, founder and CEO of AVLA, said, “We are delighted to continue strengthening AVLA and expanding our business focused on small and medium-sized enterprises in the region. Following our successful entry to Mexico and Brazil, we are aiming to further expand into the United States, with the goal of reaching 150,000 clients and generating revenue of $350m on a consolidated basis in the coming years.”
Amadeo Ibarra, Mexico country head of Creation Investments and AVLA board member, added, “AVLA is a unique growth story combining attractive profitability, strong social impact, and an impressive capability to enter new markets. We are thrilled to invest additional capital to support AVLA’s existing operations and technology as well as the company’s entry into the U.S. market.”
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