ComparaOnline, a Santiago, Chile-based marketplace for insurance and financial products in Latin America, raised USD$14m in Series C funding.
The round was led by IFC and Bamboo Capital Partners with participation from previous investors Kaszek Ventures, Ribbit Capital and Rise Capital.
The company intends to use the funds to continue to develop its marketplace into new Latin American countries.
Founded in 2009 by Chilean entrepreneur Sebastian Valin, ComparaOnline is an online marketplace platform that allows consumers in Brazil, Chile and Colombia to make informed choices when purchasing insurance and financial products. Its proprietary technology and integration with service providers offer consumers a comprehensive and independent tool to compare and purchase car and travel insurance as well as consumer loans, credit cards and other financial products.