Techreo Raises USD 3.4M in Round Led by G2 Momentum and Creation Investments Capital Management

Techreo, a leading platform for comprehensive financial services, has announced the closing of a $3.4 million funding round. This investment, from institutions such as G2 Momentum and Creation Investments Capital Management, LLC, will be used for innovation, expansion, and business consolidation in Mexico and Bolivia. This move reinforces the platform’s commitment to providing accessible and transparent financial products while advancing its mission to drive financial inclusion in the region.

A Profitable and Sustainable Approach

Unlike many other startups, Techreo has been profitable since April 2023, just 16 months after its launch. This achievement stands out even more in a year marked by capital shortages and high interest rates. The company has seen sustainable growth over its two years of existence and offers a unique holistic proposal to its more than 440,000 users in Mexico and over 40,000 in Bolivia.

According to the team behind this innovative company, the secret to their success lies in the people and talent they have gathered. This startup has not only stood out as a promising investment but also for its significant social impact, said Jorge González Gasque from G2 Momentum.

Strategic Partnerships in Competitive Markets

In a highly competitive market, Techreo has chosen to partner with regulated financial entities in each country where it operates. In Mexico, it has allied with CAME Sofipo, with over 30 years of experience, while in Bolivia, it has collaborated with Idepro IFD, which boasts more than 32 years of expertise. These partnerships allow the startup to effectively and scalably provide technology, product development, and customer acquisition.

Techreo is committed to promoting fair and accessible financial inclusion for all. In Bolivia, for example, the company offers its users fixed-term savings accounts, a digital wallet, and QR code payments. The goal is to provide a full-service offering that ranges from bill payments to financial education programs.