Monet Colombia closes $24m investment round

The round 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 itself as a sustainable alternative to informal credit. By 2026, the company aims to place 3.5 million loans during the year. The fintech company also seeks to strengthen its technological infrastructure to scale 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.

Monet Colombia was advised on the financing round by law firm Cuatrecasas. “Accompanying Monet in this process has been particularly significant, not only because of the sophistication of the financing, but also because of its ability to expand access to formal credit and contribute tangibly to financial inclusion in Colombia,” said Juan Carlos Puentes, Finance partner at Cuatrecasas.

The Cuatrecasas team advising Monet Colombia was led by partner Juan Carlos Puentes, together with lawyers Lorenzo Lizarralde, Verónica Hernández, Pablo Amorocho, María Garavito, Susana Liévano, and Samuel Tafur, from the finance practice; Juanita Calderón, Pablo Martínez, Rafael Marulanda, María Camila Solano, and José Daniel Suárez from corporate-M&A; and Jaime Vargas, Ariana Fernández, José Manuel Jaramillo, and Oswaldo Pacheco from the firm´s tax area