Greensill has acquired Colombian FinTech Omni.
In Brief:
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Omni is among Latin America’s largest digital lenders to SMEs.
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Operating in Colombia and Chile, the FinTech has more than 5,000 clients.
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Greensill says the market for working capital finance in LatAm is worth $750bn.
What does this mean?
This forms part of Greensill’s global growth strategy. The unicorn aims to boost its capabilities and customer base across Latin America. CEO Lex Greensill says LatAm is a “highly attractive growth market” for the Softbank-backed business and the addition of Omni’s capabilities will ensure SMEs have fair access to finance in the region.
