Santander InnoVentures makes investment into alternative SME lender a55

Maria Nikolova

The company underwrites SMEs through a technology platform connecting bank accounts, escrow solutions, billing, payment means and credit intelligence.

Santander Group’s venture capital fund Santander InnoVentures has invested into a55, a Latin American income-secured alternative small and medium-sized enterprise (SME) lender.

This takes the number of fintech companies Santander InnoVentures has invested into to over 30. This is its fourth investment in Latin America.

a55 was founded in early 2018 by André Wetter and Hugo Mathecowitsch in Brazil and provides solutions in the alternative lending space, offering revenue-backed credit lines to companies with recurring revenue. It aims to become the financing platform for service-based companies in Latin America, starting with software-as-a-service (SaaS) businesses and has recently launched operations in Mexico.

The company underwrites SMEs through a technology platform connecting bank accounts, escrow solutions, billing, payment means and credit intelligence. Since the launch of its operations two years ago, a55 has underwritten 50 companies in Brazil and Mexico through 350 different operations, with MXN 150 million in Mexico and BRL 100 million in Brazil. The company expects to double those numbers in the next 12 months.

Manuel Silva Martínez, managing partner at Santander InnoVentures, will join a55’s board of directors and work together with the team to help expand their capabilities and product reach and explore possible area for partnering with Banco Santander around the region.

a55’s technology solutions include, for borrowers, a credit monitoring dashboard, an insights section on revenue and cost metrics, an integrated cash flow covenant management system and escrow and revenue lock up tools to redirect a portion of the borrowers’ cash flows. For lenders, a55 developed a portfolio management and monitoring platform fed in real time by transactional data.

a55 is backed by institutional lenders in Brazil, Mexico, the US and France providing the platform with liquidity to lend to Brazilian and Mexican SMEs. The company had previously raised $3 million in seed money from small Brazilian and international investors. Santander InnoVentures has been leading this round, which exceeds $5 million in total from different investors.

Read this next

Digital Assets and Unite to Pave the Way for Decentralized AI Development

In an effort to create a community-driven platform for on-chain, decentralized AI models; the leaders have decided to join hands with to power Flock with decentralized computing.


Crypto 2025: The Action Points to Follow to Capitalize on Bitcoin and BlockDAG Network’s 2025 20000X ROI Predictions

In this analysis, we delve into the price predictions for Bitcoin and BlockDAG Network, and we explore the factors driving these projections while offering actionable insights for investors that are looking to capitalize on the 20000x potential of these projects.

Retail FX

Orfinex joins Financial Commission as approved broker member

Multi-asset brokerage firm Orfinex has become a member of the Financial Commission, joining the ranks of the self-regulatory organization. This accreditation reassures traders that the firm meets the quality standards set by the commission.


Telegram CEO’s Bitcoin stash valued in hundreds of millions

Telegram CEO Pavel Durov revealed that he has held several hundred million dollars in fiat and bitcoin for the past decade.

Digital Assets

Bitcoin drops below $60K as halving just 300 blocks away

Bitcoin fell below the $60,000 mark on April 17, just days before a scheduled reduction in mining rewards, known as the “halving,” which is set to occur on April 20.


New Meme Coin ICO Dogeverse Raises $6 Million After Completing Coinsult Audit

A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit.

The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets.

Retail FX

Interactive Brokers posts Q1 earnings, raises dividend

Interactive Brokers Group Inc (NASDAQ:IBKR) announced its first-quarter financial results for the period ending March 31, 2024. The leading automated global electronic broker reported a GAAP diluted EPS of $1.61 and an adjusted EPS of $1.64.

Fundamental Analysis, Tech and Fundamental

Global FX Market Summary: USD, FED, Gold  April 17 ,2024

The Fed’s hawkish stance on interest rates is strengthening the US dollar while central banks globally grapple with inflation and economic growth.

Digital Assets

Kraken launches self-custodial wallet, joining competitors like Coinbase

Kraken, the second-largest U.S.-based cryptocurrency exchange, has introduced its own digital wallet, aligning its offerings with those of competitors like Coinbase.