TechCrunch
Lending startup Kala is helping Latin American banks more easily offer credit
Small businesses in Latin America got another boost in lending support with the investment of $4 million in Kala, a Colombia-based company building fintech infrastructure for lending. The company, co-founded by Manuel Alemán, Rodolfo Lazo and Paul Cattólica in 2022, is developing a vertical SaaS product for institutions, like banks and credit unions, that want to launch and operate their own credit products. Alemán, who has a background in microfinance, explained that lack of inclusion and access to capital in Latin America account for low loan penetration figures, in the low double digits in many cases.