LQN
Convertible Note in 2022
LQN offers an end-to-end mortgage solution that enhances the homebuying experience through innovative technology. The company provides a white-label platform to real estate technology firms, brokers, and developers, facilitating an efficient customer acquisition channel for lenders. By streamlining the origination and servicing processes, LQN enables both existing and new lenders to achieve faster and more cost-effective mortgage solutions. The platform not only assists buyers and sellers in navigating the housing market but also simplifies the credit acquisition process, significantly reducing the time from application to funding. Operating across 41 cities in Colombia and Mexico, LQN aims to create a comprehensive mortgage-as-a-service solution that benefits all parties involved in real estate transactions.
Foodology
Convertible Note in 2020
Foodology specializes in delivery-focused digital restaurant brands, primarily operating through cloud kitchens in Latin America. The company manages over 80 kitchens across Colombia, Mexico, Brazil, and Peru, allowing it to efficiently scale its restaurant concepts. By leveraging technology and infrastructure, Foodology's virtual brands can quickly adapt and expand their offerings while minimizing setup costs. This innovative approach aims to enhance the food processing experience and optimize operations within the kitchen, ultimately streamlining the growth of its restaurant brands.
Tpaga
Convertible Note in 2020
Tpaga is a mobile wallet service aimed at unbanked consumers in Latin America, specifically operating in Colombia and Mexico. With over 50% of the population lacking credit cards or bank accounts, Tpaga leverages the widespread use of mobile phones to provide financial access. Users can deposit cash at a network of approximately 4,000 kiosks and utilize those funds to pay for utility bills, top up mobile phones, and make purchases at supermarkets and gas stations. Notably, Tpaga has pioneered the ability for consumers to pay for groceries without a bank account and enables unbanked merchants to accept payments without needing traditional point-of-sale systems. Additionally, the company offers a Fintech-as-a-Service platform that provides banking APIs and white-label mobile wallets to banks, fintechs, telecommunications companies, and retailers, facilitating various digital transactions for users.
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