Peruvian FinTech Leasy secures $28m in Series A funding to fuel expansion

Peruvian FinTech Leasy secures $28m in Series A funding to fuel expansion

Leasy, a Peruvian FinTech, has successfully raised $28m in a Series A round that combines both equity and debt financing.

The round saw participation from an impressive array of investors, including Magma Partners leading the charge, and support from Entangle Group, DeBa Ventures, Noa Capital, and Grupo CAPEM, according to a report from LatamList.

Additional investments came from various parties across Latin America, the United States, and Europe, showcasing a broad international interest in Leasy’s business model and potential.

At its core, Leasy is revolutionizing the way ride-hailing drivers in Latin America access financing.

The newly secured funding is earmarked for a number of strategic initiatives aimed at propelling the company forward. Leasy intends to utilise the investment to ramp up its sales efforts, streamline operations within its existing markets in Mexico and Peru, and develop new financing options that cater to a broader range of vehicles. Ambitiously, the company has set goals to provide over 500 individual loans in Peru and achieve monthly loan volumes between $1m and $1.5m in Mexico.

Similarly, CEO and co-founder Gregorio Gilardini shared his insights, stating, “The most interesting aspect of this round is that we’ve managed to attract investors who were not familiar with the region but decided to bet on it thanks to our business model.”

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