💣 Viene la cita más poderosa con toda la cadena de pagos digitales de Latam. Reserva tu cupo a la Paytech Conf 2024
Por favor verifica tu e-mail para tener acceso completo al Hub haciendo click al link enviado a youremail@gmail.com
Reenviar correo de verificación

Zinobe Announces New $30 Million Credit Facility Provided by Monachil Capital Partners to deliver loans to Colombian citizens affected by the COVID-19 lockdown

May 8, 2020
Por
PR Newswire
PR Newswire
Distribution’s premier platform, the most trusted & largest network in the industry. We focus on good content here, marcomm trends, the future.
📷
LFH
Zinobe, a leading online financial services company in the Colombian market, announced the closing of its USD $10 million secured line of credit, expandable up to USD $30 million, provided by Monachil Capital Partners, a global investment management.
Contenido para Usuarios 🔒

BOGOTÁ, Colombia, May 7, 2020 /PRNewswire/ -- Zinobe, a leading online financial services company in the Colombian market, announced the closing of its USD $10 million secured line of credit, expandable up to USD $30 million, provided by Monachil Capital Partners, a global investment management firm founded by former Goldman Sachs partner Ali Meli.

Zinobe, Colombia's fastest-growing fintech company, utilizes technology and advanced analytics to provide financial products for underserved markets. Lineru, the company's consumer loan product, was among the first fully online credit products in the region when it was introduced in 2012. The company was selected by the Colombian government as the first fintech partner to provide loans to Colombian citizens affected by the COVID-19 lockdown.

"We are committed to develop modern financial services for everyone, and we are deploying all our technological and data analysis capabilities to provide more than four million independent workers affected by the lockdown with our online credit solutions," said Tarek El Sherif, CEO of Zinobe. "As our company launched an effort to assist these citizens affected by the current crisis, Monachil was very receptive and flexible to Zinobe's need to deploy capital now and provide Colombians with much-needed liquidity."

"We are honored to be a capital partner to Zinobe and support their new origination activity. It is particularly meaningful to us to invest in Colombia, as the country — like many others — is dealing with a difficult economic situation and access to credit can have a crucial positive impact on Zinobe's customers," said Ali Meli, founder and general partner of Monachil Capital Partners. "We look forward to expanding our partnership with Zinobe as the company continues to execute on its business model and broaden its base in Colombia."

About Zinobe

Zinobe operates in Colombia and develops online financial products for the consumer and small business underserved sectors. The company is focused on using technology to provide the highest level of customer experience and automation to maximize operational efficiencies. Zinobe has developed a data-centric credit model to help target underserved markets in Colombia. For more information, please visit www.zinobe.com and www.lineru.com.

About Monachil Capital Partners

Monachil Capital Partners ("MCP") is a global investment manager specializing in structured credit, specialty finance, and consumer finance investing. Located in Stamford, Connecticut, MCP was founded by Ali Meli after almost 15 years at Goldman Sachs & Co. where he was a Partner and the Global Co-Head of Structured Finance, Investing and Lending. MCP's team has decades of experience identifying investment opportunities around the globe, underwriting the risks, negotiating the terms and structuring the transactions. MCP's strategic advantage is its ability to consistently combine technology and investment insight together with a relentless focus on the needs of its investors. For more information, please visit www.monachilpartners.com.

Media Contact:
Michael Lubman
Phone: 212.393.4125
Email: info@monachilpartners.com

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y de ellas son responsables sus autores. No reflejan ni comprometen el pensamiento u opinión de Latam Fintech Hub, por lo cual no pueden ser interpretadas como recomendaciones emitidas por la platafomra. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista sobre el ecosistema Fintech.

BOGOTÁ, Colombia, May 7, 2020 /PRNewswire/ -- Zinobe, a leading online financial services company in the Colombian market, announced the closing of its USD $10 million secured line of credit, expandable up to USD $30 million, provided by Monachil Capital Partners, a global investment management firm founded by former Goldman Sachs partner Ali Meli.

Zinobe, Colombia's fastest-growing fintech company, utilizes technology and advanced analytics to provide financial products for underserved markets. Lineru, the company's consumer loan product, was among the first fully online credit products in the region when it was introduced in 2012. The company was selected by the Colombian government as the first fintech partner to provide loans to Colombian citizens affected by the COVID-19 lockdown.

"We are committed to develop modern financial services for everyone, and we are deploying all our technological and data analysis capabilities to provide more than four million independent workers affected by the lockdown with our online credit solutions," said Tarek El Sherif, CEO of Zinobe. "As our company launched an effort to assist these citizens affected by the current crisis, Monachil was very receptive and flexible to Zinobe's need to deploy capital now and provide Colombians with much-needed liquidity."

"We are honored to be a capital partner to Zinobe and support their new origination activity. It is particularly meaningful to us to invest in Colombia, as the country — like many others — is dealing with a difficult economic situation and access to credit can have a crucial positive impact on Zinobe's customers," said Ali Meli, founder and general partner of Monachil Capital Partners. "We look forward to expanding our partnership with Zinobe as the company continues to execute on its business model and broaden its base in Colombia."

About Zinobe

Zinobe operates in Colombia and develops online financial products for the consumer and small business underserved sectors. The company is focused on using technology to provide the highest level of customer experience and automation to maximize operational efficiencies. Zinobe has developed a data-centric credit model to help target underserved markets in Colombia. For more information, please visit www.zinobe.com and www.lineru.com.

About Monachil Capital Partners

Monachil Capital Partners ("MCP") is a global investment manager specializing in structured credit, specialty finance, and consumer finance investing. Located in Stamford, Connecticut, MCP was founded by Ali Meli after almost 15 years at Goldman Sachs & Co. where he was a Partner and the Global Co-Head of Structured Finance, Investing and Lending. MCP's team has decades of experience identifying investment opportunities around the globe, underwriting the risks, negotiating the terms and structuring the transactions. MCP's strategic advantage is its ability to consistently combine technology and investment insight together with a relentless focus on the needs of its investors. For more information, please visit www.monachilpartners.com.

Media Contact:
Michael Lubman
Phone: 212.393.4125
Email: info@monachilpartners.com

Las opiniones compartidas y expresadas por los analistas son libres e independientes, y solamente sus autores son responsables de ellas. No reflejan ni comprometen el pensamiento o la opinión del equipo de Latam Fintech Hub y, por lo tanto, no pueden interpretarse como recomendaciones emitidas por la plataforma. Esta plataforma es un espacio abierto para promover la diversidad de puntos de vista en el ecosistema Fintech.

Este contenido es solo para
usuarios Prime 👑 del Hub.

Hacer upgrade ▸
Apoyado por:
Contacta al equipo
Hub Ranking:
#
País de origen:
Headquarters:
Bogotá
Monto inversión:
30
M
Ronda financiación:
Debt Financing
Más novedades

Fintechs en
tendencia del Hub

No items found.

Colombia 🇨🇴

Ecosistema Fintech

Más Insights

Por
Conta Simples
Conta Simples
Liberte o potencial da sua empresa 💚

Nuestra comunidad

WHATSAPP
✨ Nuevo!
Tenemos un canal de Whatsapp donde contamos todos los movimientos en la industria.
Usuario pRIME 👑
Acceso ilimitado. Desbloquee la cobertura exclusiva, entrevistas con CEOs, eventos especiales y más.
Activar suscripción
RESUMEN SEMANAL
Todas las semanas envíamos a tu email un resumen con todos los avances en el ecosistema Fintech.
Abrir el Blueprint
Grupo de SLACK
Tenemos un grupo de Slack con todos los miembros registrados del Hub para que sigamos conversando.
uNIRSE AL GRUPO