Fintech Techreo Secures US$3.4 Million in Investment Round

The funding will be directed towards innovation, expansion, and consolidation of the business in Mexico and Bolivia.

Techreo, a financial services platform, announced the closure of a US$3.4 million convertible capital investment round with institutional investors such as G2 Momentum and Creation Investments Capital Management, LLC. This funding will enhance the fintech's positioning in Mexico and Bolivia through investments in technology, marketing, and talent.

Since its launch in 2022, it has captured the attention of over 440,000 users in Mexico and more than 40,000 in Bolivia, along with raising US$6 million in capital.

“This round reflects the confidence in our mission to provide comprehensive financial services to the underserved population,” highlighted Iliana de Silva, CEO and co-founder of Techreo. “We are committed to being a catalyst for social change in Latin America, starting our expansion in Bolivia and focusing on Peru, Colombia, Ecuador, and the Hispanic population in the United States.”

Techreo asserts that it has been profitable since April 2023, just 16 months after its launch. With growth in earnings and strong traction in Mexico and Bolivia, Techreo stands out in the startup segment.

“It is a startup that not only presents great potential as an investment but also has a highly relevant social impact,” noted Jorge González Gasque of G2 Momentum.

Techreo opts to partner with regulated financial entities in each country where it operates, providing technology, product development, and customer acquisition. In Mexico, it has partnered with CAME Sofipo, which has over 30 years of experience, and in Bolivia with Idepro IFD, which has more than 32 years of expertise.

In Mexico, Techreo offers its users a portfolio of financial products, including digital and physical debit cards, electronic transfers, service payments, loans, investments, remittances, and financial education programs.