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SubscribeCuatrecasas has advised Monet Colombia, a fintech specializing in short-term digital loans, on a $24 million investment round, which included a capital injection and structured financing of up to $18 million, provided by a private equity fund managed by SixPoint Capital Management.
With these resources, Monet will continue to strengthen its commitment to promoting financial inclusion in Colombia through low-amount financing solutions and consolidating its position as a sustainable alternative to informal credit. By 2026, the company aims to issue 3.5 million loans annually.
“Assisting Monet with this process has been especially relevant, not only because of the sophisticated financing, but also because of its ability to increase access to formal credit and contribute tangibly to financial inclusion in Colombia," said Juan Carlos Puentes, Finance partner at Cuatrecasas.
The fintech company also seeks to strengthen its technological infrastructure to expand its model nationwide, optimizing its risk assessment models and expanding coverage to multiple users who, due to their credit rating, are not within the traditional financial system. Currently, around 65% of Colombians do not have access to formal loans, according to figures from Colombia Fintech and ANIF.
The Cuatrecasas advisory team was led by partner Juan Carlos Puentes, along with partners Lorenzo Lizarralde, Verónica Hernández, Pablo Amorocho, María Garavito, Susana Liévano, and Samuel Tafur (Finance); Juanita Calderón, Pablo Martínez, Rafael Marulanda, María Camila Solano, and José Daniel Suárez (Corporate-M&A); and Jaime Vargas, Ariana Fernández, José Manuel Jaramillo, and Oswaldo Pacheco (Tax).Don’t miss our content
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