Chilean fintech startup Datamart, has its sights set on the Mexican market after securing a seed round worth USD $6.3M from Moonvalley Capital, Banco Santander, Grupo Falabella, and BICE. The startup's fintech platform streamlines credit evaluation and acquisition processes by using private data exchange technology between information holders and financial institutions.
Datamart's CEO, Mauricio Thibaut, states that they see significant opportunities in Mexico, as their model is attractive for financial institutions struggling with access to credit due to management processes. Datamart also plans to continue expanding within its current markets like Peru, Colombia, and Chile, where they have around 200,000 clients, including SMEs and various banking institutions. The fintech startup aims to achieve an ARR of over USD $7M by the end of 2023.
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