Credivalores-Crediservicios, S.A.S., a Bogota, Colombia-based non-bank provider of consumer loans, has received an undisclosed investment from ACON Latin America Opportunities Fund, L.P., a private equity investment fund affiliated with ACON Investments LLC.
The company offers a broad range of innovative credit and micro-insurance products designed to address the particular needs and profile of Colombia’s large under-banked population, where fewer than 25% of working age adults have access to any formal credit products.
Credivalores will continue to be led by Mr. David Seinjet, its founder and CEO, who, alongiside with ACON, has invested approximately $25m of equity into the company.
With ACON’s involvement, Credivalores will continue to grow its customer base, expand geographically throughout Colombia and develop new credit products to meet its customer’s needs.
FinSMEs
03/03/2010