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Argentine fintech Moni expands to Colombia

Colombia has a booming fintech market and Moni is targeting the unbanked people

Brazilian Fintech
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  • Besides Argentina, Moni already operates in Mexico;
  • Founded in 2013, Moni received $3 million led by IFC in 2017.

Argentine fintech Moni, a subsidiary of Finven Latam Inc, is expanding its Latin America operation. It started to operate in Colombia where it will offer credit, as reported iProUP. Colombia has a booming fintech market and Moni is targeting the unbanked people.

READ ALSO: Argentine fintech Ualá begins its expansion across Latin America with the launch of operations in Mexico

Besides Argentina, Moni already operates in Mexico. Founded in 2013 by Juan Pablo Bruzzo and Alejandro Estrada, it provides credit and bill payment products including overdraft, long term credit and bill payment products to underbanked consumers.

READ ALSO: Brazilian Nubank to arrive in Colombia soon, says La República

In 2017, Moni raised $3 million led by The International Finance Corporation (IFC), a member of the World Bank Group.

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