Chilean Fintech Btrust Heads to Silicon Valley After Regional Fintech Victory

Btrust strengthened its position within Latin America’s fintech ecosystem after winning the Fintech Award Regional during the Chile Fintech Forum 2026. The recognition grants the Chilean startup access to the Startup World Cup final in Silicon Valley, where global startups will compete for a US$1 million investment from Pegasus Tech Ventures.

The award arrives at a strategic moment for the company, which is currently preparing a US$2 million seed round aimed at accelerating growth in Chile and supporting its expansion into Peru and Colombia.

Btrust Earns a Place at the Startup World Cup Final

The fintech competition, organized by FinteChile in partnership with Pegasus Tech Ventures and the Startup World Cup program, brought together more than 50 financial technology startups from across Latin America.

After receiving the award on stage, Btrust founder and CEO Patricio Cortés described the recognition as a key milestone for the company’s growth ambitions.

“This recognition is extremely relevant because it gives us access to pitch in front of one of the most selective groups of investors and startups in Silicon Valley,” said Cortés.

The executive emphasized that the opportunity goes beyond the competition itself, since it opens doors to conversations with investors who have extensive experience scaling fintech businesses globally and understand the complexities of operating in Latin America.

The Startup World Cup final will take place in San Francisco in November, where participating startups will compete for a US$1 million investment offered by Pegasus Tech Ventures.

Seed Round and Regional Growth Strategy

While the Silicon Valley exposure is valuable on its own, Btrust is also entering a new fundraising phase. The startup plans to raise a US$2 million seed round over the next 12 months.

According to Cortés, the new capital would help strengthen the company’s operations in Chile while laying the groundwork for expansion into Peru and Colombia.

“Starting a fundraising process with credentials like this completely changes the conversation,” he explained.

Founded in 2022, Btrust positions itself as a digital financial infrastructure platform focused on invoice financing. Through its technology, suppliers can access competitive funding options using digital invoice assignment and auction processes.

Unlike traditional factoring models, the platform allows multiple financial institutions to compete in real time to offer better financing conditions for SMEs. At the same time, large corporations can optimize treasury management while investors gain access to broader deal flow opportunities.

Regulatory Milestones and Operational Growth

The company has achieved several milestones over the past year. Btrust recently became one of the first companies authorized by the Comisión para el Mercado Financiero as an Alternative Transaction System (SAT) under Chile’s new Fintech Law.

Btrust also strengthened its leadership team by adding Jaime Leonart, former executive at Caja Los Andes, as cofounder and Chief Growth Officer.

The startup is also approaching profitability. Cortés stated that the company expects to reach break-even during the third or fourth quarter of this year.

Operationally, Btrust has already processed close to US$200 million in transactions. During 2025, transaction volume nearly tripled, while the platform expanded to connect more than 1,000 suppliers, 50 payer companies, and six financial institutions.

One of the company’s most notable achievements has been increasing efficiency while maintaining a lean structure.

“For a technology company, achieving the efficiency gains we expected is very significant. Growth has not necessarily increased personnel costs,” said Cortés.

Btrust’s shareholder base includes Cortés as majority partner, alongside executive Paul Miquel and investment fund Invexor, which participated in the startup’s pre-seed financing round.

Silicon Valley Recognition for Latin American Fintech

For Btrust, the regional recognition also represents validation of its broader vision to develop financial infrastructure solutions for Latin America.

“This recognition validates not only our technology, but also our vision of building new financial infrastructure for Latin America. Competing in Silicon Valley while representing the region is a major opportunity and also proof that globally competitive platforms can be built from Chile,” Cortés concluded.