THE COMMITMENT TO FINANCIAL INCLUSION FOR SMEs: OMNILATAM AND ITS TRANSFORMATION INTO GREENSILL LATAM
In Colombia, as in Latin America, SMEs are the economy’s engine. According to the Organization for Economic Cooperation and Development (OECD), these generate up to 90% of the jobs in several countries in the region. With this in mind, OmniLatam was born; the first company in Colombia that provides working capital financing to SMEs in an agile, transparent and 100% online way. This fintech (a provider of digital financial solutions and financial technology) helped these companies to pay their salaries on time, meet their tax obligations and finance their growth plans, freeing them from continuous dependence on cash flow. In 2020, OmniLatam was acquired by Greensill, the leading provider of working capital solutions worldwide. This led OmniLatam to become Greensill Latam, to expand and provide financial solutions to more companies in Latin America.
Before telling all the details of this operation and Greensill Latam’s prospects in the region, it is important to know how this came reality and how the idea of providing financial solutions to companies that have everything to continue growing was built.
A PHILOSOPHY TO HELP COMPANIES OmniLatam grew out of the experiences that members of the founding team faced. They experienced firsthand the difficulties that most Latin American entrepreneurs experience when they are trying to obtain access to quality financial services. Aware of the great challenge that entrepreneurs face to develop a business, the uncertainty of financial closure each month to meet payments
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