Oikocredit increases investment in Colombian fintech Sempli

Oikocredit increases investment in Colombian fintech Sempli

Sempli co-founders Felipe Llano (L) & Esteban Velasco (R).jpg

Sempli co-founders Felipe Llano (left) and Esteban Velasco (right)

24 September 2019

Oikocredit has teamed with Incofin to lead a round raising USD 8 million of investment in fintech partner Sempli, to help grow thousands more small businesses in Colombia.

Sébastien Rigaud, Equity Officer for Latin America & Caribbean, commented: “We’re impressed by Sempli´s excellent results and look forward to continuing to support its successful team with this follow-on investment. We’re very pleased that Sempli continues to be well aligned with Oikocredit’s focus on social impact.”

Sempli provides loans for small to medium enterprises (SMEs). The company uses its proprietary loan assessment process and online systems. The efficiency of this process, combined with Sempli’s user-friendly online interface, means that loan applications take under five minutes, and Sempli can assess and disburse an SME loan in less than 72 hours.

Read the full press release here >

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