From Buenos Aires to Silicon Valley
Concentrated by design, built by people who wrote the playbook.
Ángel de la Independencia, Mexico City
Concentrated by design, built by people who wrote the playbook.
Ángel de la Independencia, Mexico CityOur strategy is an extension of what we've lived through in Latin American fintech. If we're going to take venture risk, we take it where the odds of compounding value are higher, not where the story sounds best. That puts our center of gravity in B2B.
We've seen up close how hard it is to build for consumers in this region. It can work, and when it does the outcomes are spectacular, but the path runs through macro swings, marketing cycles and consumer behavior that is hard to underwrite. With B2B the risk doesn't disappear; it becomes rational. You're solving painful operational problems for institutions and businesses, in payments, infrastructure, compliance, treasury and workflows, where the value is clearer, budgets are logical, and relationships last when you get it right.
Banking-as-a-service APIs make it possible to launch financial products in weeks instead of years. For the first time, founders aren't building on top of missing infrastructure. They build on rails that already exist.
Governments across the region are choosing modernization over incumbent protection. That is fertile ground for companies that help financial institutions, enterprises and new entrants operate better and serve customers more intelligently.
The borrowers are there, the businesses are there, the rails are increasingly there, and the data to underwrite them is showing up. What's missing are the companies that stitch it together.
Not one isolated market, but multiple markets hitting an inflection point at the same time.
Technisys built across Latin America, one regulator and one bank at a time, and then sold to Silicon Valley. That is the roadmap we take our builders down: from the region, to regional leaders, to the United States, to the world.
2022 · acquired by SoFi for USD 1.1B · United StatesFintech, B2B by default: the rails and tooling that banks, SMEs and enterprises depend on. We leave the door open for the rare consumer company where conviction is so high that not investing would be the bigger mistake.
Pre-Seed through Series A. First checks, with room to follow on.
Companies operating in Latin America.
We back on the order of 15 to 20 companies per fund. That isn't an accident; it's the whole thesis. If we call this Founders to Funders, we have to behave like former founders, not passive allocators.
We sit with teams on product and go-to-market. We get involved in hiring key people, work through regulatory and bank-partnership headaches, and help shape fundraising processes and narratives rather than just make introductions. We can be on the ground in several markets, opening doors that would otherwise take years.
We come from core banking, messy integrations, regulators and multi-country expansion, not from growth-at-all-costs campaigns. When we sit with a B2B founder we can usually tell quickly whether what they're building plugs into the reality of a bank, an SME or an enterprise here, because we've lived it from the inside. We've seen the playbook before; we helped write it.