Kandeo Asset Management agreed to partner with Clave, a fintech consumer lending platform active in Latin America, to expand digital consumer lending in Colombia.

(Clave) Clave, a leading fintech consumer lending platform in Latin America, announced a strategic partnership with Kandeo Asset Management, one of the leading private equity firms in Latin America, to expand digital consumer lending in Colombia. Clave’s technology provides a comprehensive lending and payment solution offering point of sale, BNPL and payroll discount lending to merchants and consumers. Starting with Rayco (a nationwide Colombian retailer) Clave will significantly enhance the consumer experience by providing its customers with a digital wallet to easily access credit and payment options at point of sale. 

The partnership brings together Clave’s leading technology and expertise in consumer credit with Kandeo’s strong track record and deep expertise in providing leadership and management solutions to companies in Latin America.  The partnership also aligns their shared vision of enhancing the financial inclusion of the people of Latin America. 

Pablo Pizzimbono, Clave’s co-founder and CEO said: “We are very excited about our partnership with Kandeo and the opportunity to expand our footprint throughout Latin America.  Our digital wallet provides a simple and secure solution that will boost the growth of thousands, if not millions, of merchants while enhancing the lives of millions of consumers in Latin America that lack easy access to credit and services that are critical to their standard of living”. 

Eduardo Michelsen, Kandeo´s CEO added: “We couldn’t be more excited about our strategic partnership with Clave given the huge synergies and shared vision of growth in digital consumer lending in Latin America”.