Not long ago, our President, Alejandro Olabarría, after one of many strategy sessions held at our headquarters in Barcelona, observed the rest of the present executives at the meeting and reflected: “We are an innovative, successful company, but it has taken us a lot of effort to get here: many projects succumb because before they walk in the market they lose their focus because they have to dedicate time and resources to financially sustain the venture and got lost along the way; If a company can be oxygenated with capital, its chances of gaining a foothold in this fintech market will undoubtedly be greater. Let’s dedicate resources to help them and invest in these startups, it’s our responsibility “.
Said and done, Latinia, who has a close relationship with Finnovista as sponsor of its successful Finnosummit events, decided to go further; Latinia would also become an investor in one of the leading worldwide innovation programs focused on FinTech in Latin America, @Startupbootcamp, through its acceleration and scaling programs, both managed by @Finnovista in Mexico City.
Latinia joins @IGNIA_Fund (one of the most important venture capital funds in Mexico) as the 2nd investment partner of the projects, which also counts as corporate partners with @VISA, @Fiinlab (@Gentera), @Banregio, @HSBC_MX, @EYMéxico y @WhiteCase
“As a privileged agent of the financial industry, we feel that the acceleration and scaling programs of @SbcFinTech represent an opportunity to continue engaging us at the highest level in the transformation of the sector, and what better space than doing it with Finnovista and the other partners, prominent banks and corporations, as well as the IGNIA fund, “said Latinia’s President Alejandro Olabarría. “We want Latinia to share both its vision and experience working with Latin American financial institutions, as well as its knowledge of the different life cycles of a startup, collaborating to convert selected Fintechs participating in our programs in regional leaders of the financial industry”, declares Fermín Bueno, Managing Partner of Finnovista and Startupbootcamp FinTech in Latin America.
The Spanish software company funds and takes participations in the 15 Fintech startups a year participating in the two innovation programs: 10 for acceleration (Startupbootcamp FinTech) and 5 others for scaling up (Startupbootcamp Scale FinTech).