Dealflow | October 7, 2019

Oikocredit reinvests in Colombian small business lender Sempli

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, October 8 – Medellín-based Sempli is an online lender that provides working capital loans to Colombia’s small businesses, which struggle to access affordable financial products. The company, a certified B-Corp, provides loans of $10,000 to $100,000 for six to 36 months. Its online platform allows the company to review and disburse approved capital within 72 hours.

Dutch impact investor Oikocredit invested in the company’s $8 million Series A equity round, alongside Belgian impact investor Incofin. The investment follows Oikocredit’s participation in Sempli’s $5 million seed round last year.

Oikocredit’s Sébastien Rigaud said his firm was reinvesting in Sempli because of the company’s “clear social impact objectives” and commitment to “promoting responsible financial inclusion.”

Sempli, which launched in 2017, has raised a total of $24 million in debt and equity.