Founded in 2021 by the visionary trio of Santiago Molina, Andres Ferrer, and Tomas Shuk, Finkargo has established itself as a dedicated international trade platform that caters to small and medium-sized businesses in Latin America (LATAM). The core of Finkargo’s value proposition lies in its ability to offer comprehensive trade solutions, which cover a broad spectrum of requirements. These services range from verifying suppliers and shipments to providing essential cargo insurance and facilitating trade financing.
Headquartered in Mexico City, Mexico, Finkargo has successfully secured $20 million in Series A funding to further its mission of empowering small and medium-sized businesses (SMBs) through an international trade platform. This comprehensive platform offers global sourcing capabilities, trade services, and embedded financing, catering to the unique needs of SMBs seeking to engage in international trade.
The Series A funding round was led by QED Investors, with significant participation from new investor Nazca, alongside existing investors Quona, Flybridge, Maya, and ONEVC.
The infusion of capital will play a pivotal role in Finkargo’s expansion efforts, with a focus on accelerating growth in Mexico. The company aims to broaden its array of services beyond trade financing, encompassing a fully integrated suite of trade solutions. These services will include supplier sourcing, product verifications, cargo insurance, foreign exchange management, and international trade data intelligence.
Since its inception, Finkargo has made substantial progress in serving over 250 customers. Furthermore, they have extended their financial support to facilitate more than 2,000 import operations. The company’s extensive network spans across 40 countries, encompassing a remarkable 430 suppliers.
The strength of Finkargo’s platform lies in its adept utilization of proprietary trade data. By harnessing this data, the company is equipped to analyze complex supply chains, ultimately tailoring solutions that cater to the specific needs of each importer.
As I conclude, Finkargo’s successful Series A funding round underscores the company’s commitment to revolutionizing international trade for SMBs. Through its comprehensive platform, Finkargo empowers businesses by offering a holistic suite of trade services and financing solutions.
With a network of over 430 suppliers spanning 40 countries, the company is well-positioned to continue facilitating international trade in the dynamic Latin American market. The infusion of $20 million in funding will undoubtedly accelerate their mission to empower SMBs through seamless international trade solutions.