Creation Investments Capital Management (a leading global impact investor in emerging markets) announced its participation in a $3.4 million bridge funding round to support the expansion of Techreo, a Mexico City-based digital financial services platform, further. And G2 Momentum, a venture capital firm in Mexico City, was also part of the financing round.
Techreo’s platform is a leader in the Latin America financial technology ecosystem, demonstrating sustainable growth in its two years of existence and offering comprehensive financial services digitally to over 440,000 users in Mexico and more than 40,000 in Bolivia. With offices in Chicago, Mexico City, and Bangalore, Creation Investments currently manages $2.1 billion in assets. Since being founded in 2007, Creation has invested in 31 portfolio companies operating across eight countries and is focused on financial services and financial inclusion for the unbanked and underbanked population in emerging markets.
KEY QUOTES:
“We are confident in our mission to provide comprehensive financial services to an underserved population in Latin America. We are committed to being a catalyst for change in this region, leveraging our expansion into Bolivia to focus on Peru, Colombia, Ecuador, and the Hispanic population in the United States.”
– Iliana de Silva, CEO and co-founder of Techreo
“We are pleased to invest in this new financing round to support Techreo’s growth initiatives. Techreo has an impressive track record of profitably executing its strategic vision to promote financial inclusion in Mexico with a digital app uniquely designed to serve people at the base of the economic pyramid.”
– Amadeo Ibarra, Mexico country head of Creation Investments
