Finnovista
Finnovista is an accelerator and venture capital firm focused on transforming the financial services and insurance sectors by fostering collaboration between large corporations and startups in the fintech and insurtech industries. Established in 2012 and headquartered in Madrid, Spain, with an additional office in Mexico City, Finnovista offers a three-month acceleration program designed to support the growth of startups in Latin America and Spain. The firm is recognized as a key player in the startup ecosystem and is particularly active in investing in fintech innovations. Finnovista also organizes FINNOSUMMIT, a leading conference in the fintech and insurtech space in Latin America, and develops various corporate innovation programs in partnership with major financial institutions. Through these initiatives, Finnovista aims to empower entrepreneurs and promote financial inclusion by connecting them with essential resources and networks in the industry.
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Past deals in Ecuador
Luzverde
Seed Round in 2018
Luzverde facilitates credit sales for small and medium-sized businesses (SMBs) in Latin America. It enables merchants to offer credit purchases at point-of-sale, receiving immediate payment while Luzverde manages the credit risk with lending partners. Currently operating in Panama and Ecuador, Luzverde has onboarded over 200 points of sale, generating nearly USD 20k monthly revenue and USD 400k in monthly credit sales, with a growth rate exceeding 20% month-over-month.
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