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Santander InnoVentures invests in Latin American SME lender a55

Brazil and Mexico based alternative SME lender raised $5m in Series A financing led by Santander InnoVentures.

Manuel Silva Martínez, managing partner at Santander InnoVentures, said: “The current crisis will accelerate shifting consumer habits to digital and subscription models. This will tremendously benefit software-as-a-service companies, which will need alternative financial services providers to support their growth and success.”

Tags

latin america, financing