RedCapital
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RedCapital - overview
Established
2014
Location
-, -, Chile
Primary Industry
Internet
About
RedCapital is a digital financing platform designed to empower small and medium-sized enterprises (SMEs) by facilitating access to credit through innovative financial products. Founded in 2014 in Chile, RedCapital operates as a financing platform that connects small and medium-sized enterprises with investors. The company was co-founded by Felipe Walter, Gustavo Garib, and Raúl Ibaceta. In June 2019, RedCapital raised USD 3.
000 mn in venture funding led by HCS Capital Partners, bringing the total amount raised to USD 3. 000 mn. RedCapital offers a digital financing platform that focuses on small and medium-sized enterprises (SMEs), providing innovative credit solutions. Its core offerings include short-term credit factoring, where businesses can use accounts receivable as collateral for financing, and options for advancing payments on invoices.
Utilizing artificial intelligence, the platform assesses clients' and suppliers' credit risk, aiding SMEs in decision-making. Additionally, RedCapital facilitates crowdfunding opportunities for investors to finance invoices or loans, thereby bridging the gap between SMEs and potential backers in Latin America. RedCapital generates revenue through its financing transactions and investment facilitation among SMEs and investors. The company operates a model where SMEs apply for loans or invoice advances, underwritten through its artificial intelligence-based risk assessment tools.
Investors provide capital in exchange for fixed returns, allowing clarity and predictability for both parties involved in the financing process. RedCapital plans to leverage its latest funding round of USD 3. 000 mn, raised in June 2019, to expand its product offerings and enhance its technological capabilities. The company is designing new products aimed at improving credit access for SMEs.
Furthermore, RedCapital intends to target broader markets across Latin America, with a focus on regions where traditional banking services are limited, aiming to implement these plans within the next 18 months.
Current Investors
HCS Capital Partners
Primary Industry
Internet
Sub Industries
Accounting/Finance Software
Website
www.redcapital.cl
Verticals
FinTech
Company Stage
Early Stage
Total Amount Raised
Subscriber access only
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