Kamina Announces the Raising of Preseed Capital OF $3.2M, a Historic Milestone for Ecuador

  • Fundraising News
  • 19.04.2024 02:25 pm

Kamina, the Ecuadorian Startup that combats people's debt in Latin America by combining technology with financial education, has announced its recent capital raising in a pre-seed round, reaching the highest figure recorded in the country and positioning itself as one of the largest at the regional level during the last year. 

“We are proud to announce the successful raising of pre-seed capital of $3.2 million. This financial support demonstrates confidence in us because we have managed to align the incentives of financial institutions and their users like never before. In this way, through prevention we discovered a category in which we are leaders not only in Latin America, but throughout the world, and that allows us to provide genuine support to those who face financial difficulties,” said Jens Thobo-Carlsen, Founder of Kamina. . 

Kamina's relevance in the financial ecosystem is evident, not only due to its successful 3financing but also due to the potential impact of its business model. For Gaston Bottazzini, former CEO of Falabella and investor, Kamina has the ability to innovate the financial sector: «It is the best case I have seen of how financial technology can elevate the purpose of banking, through more responsible and "At the same time, improve their performance through better risk assessment," he said.

Furthermore, the capital raising process is not only a means to obtain resources, but a validation of a startup's model and strategy. “Raising pre-seed capital represents a crucial stage for startups, as it allows emerging companies to cover initial operating expenses and develop their products or services until they reach a point of financial stability,” said Fernando Emanuele, co-founder of Kamina. and financial expert.

Kamina's appeal is not limited to its technological innovation; This is demonstrated by the conviction of leaders in the venture capital industry. Mike Packer, Partner at QED Investors , points out that “Kamina has the ability to improve people's lives and significantly impact not only Ecuador, but the entire region. The excitement generated by the product confirms that they are moving on the right path,” he added.

Kamina's vision of addressing financial inequality and offering comprehensive solutions to debt problems resonates in a region facing significant economic challenges. According to Claudia Tobar, co-founder of Kamina, “Kamina's success in its pre-seed financing round lies in the clear purpose of impacting the financial well-being of millions of people, offering a disruptive proposal to outdated models of traditional financial education.” Kamina's ability to attract investment demonstrates not only the strength of its value proposition, but also confidence in its ability to transform the financial sector.

The capital raised not only symbolizes a vote of confidence from the investment community, but also ensures the continuity and expansion of its mission. 

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