Dealflow | November 2, 2018

Sempli raises $5.7 million to support Colombia’s small businesses

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, November 2 – Medellín-based Sempli raised the capital from Dutch impact investor Oikocredit and the Inter-American Development Bank (IDB).

Sempli is an online lender that offers working capital loans to small and mid-sized companies in Colombia. Using its in-house data-based credit scoring system, the fintech company can disburse loans of between $10,000 and $100,000 in as little as three days.

The equity investment from Oikocredit and IDB, which backed the company through its innovation group BID LAB, will help Sempli grow to reach 4,000 small businesses and support 40,000 jobs by 2023.