Multiproduct Fintech Techreo Closes a $3.4M Funding Round to Innovate, Expand, and Consolidate its Business in Mexico and Bolivia

This funding will strengthen Techreo’s positioning in Mexico and Bolivia through technology, marketing, and talent investments.

About the Investment

Techreo, the leading platform for comprehensive financial services, announced closing a $3.4 million convertible capital funding round, with participation from institutional investors such as G2 Momentum and Creation Investments Capital Management, LLC. This funding will boost Techreo’s positioning in Mexico and Bolivia through technology, marketing, and talent investments.

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

Techreo’s Profitability

After a year marked by capital shortages and high interest rates that complicated fundraising efforts, Techreo has stood out thanks to its focus on sustainable profitability. The platform has positioned itself as a benchmark in the region’s fintech ecosystem, demonstrating steady growth over its two years of existence and offering a unique, holistic proposition for its more than 440,000 users in Mexico and over 40,000 in Bolivia.

Unlike many startups, Techreo has been profitable since April 2023, just 16 months after its launch. With profit growth and strong traction in Mexico and Bolivia, Techreo stands out in the startup segment.

“The secret lies in the people; without the talent we’ve got, we wouldn’t have achieved what we are today,” the team says.

“It’s a startup that not only presents great investment potential but also has a significant social impact,” noted Jorge González Gasque of G2 Momentum.

In a highly competitive environment, Techreo has chosen 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, with over 30 years of experience, and in Bolivia with Idepro IFD, with more than 32 years of expertise.

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

Techreo reaffirms its commitment to promoting fair and accessible financial inclusion for all. With personalized solutions, a clear vision, and the support of a growing community, Techreo is consolidating itself as a leader in comprehensive financial services. The company is determined to continue creating pathways toward a future where every person, regardless of location or circumstance, has access to financial products and opportunities that significantly improve their quality of life.