Fina Raises US$1 Million Seed Round to Expand Financial Products and AI in Venezuela

Fina, the Venezuelan startup founded in 2024, has closed an oversubscribed $1 million seed round. The company plans to use the new capital to advance financial products and artificial intelligence solutions while continuing to serve businesses across Venezuela through its cloud-based management platform.

Fina closes an oversubscribed US$1 million seed round

The round was co-led by SquareOne Capital from the United States and Tomorrow Capital from the United Kingdom. It also included participation from Norte Ventures in Brazil, Platanus in Chile and Neer Venture Partners in the United States.

The investor group was joined by several angel investors with experience across the Latin American technology ecosystem, including Marcelo Lombardo of Omie, Jorge Ulloa of Bold, Rodrigo Tognini of Conta Simples, Gabriel Monroy of Colektia and Adriel Araujo of Hackmetrix.

Founded in 2024 by Enrique Rivas, Diego Aponte, Alejandro Fariña and Sebastián Sánchez, Fina has now accumulated three investment rounds. Before this seed financing, the company raised an initial US$100,000 round linked to accelerator Emprelatam, followed by a US$350,000 round.

From Caracas Ron to Fina

Enrique Rivas and Diego Aponte were already familiar with Venezuela's entrepreneurial ecosystem before launching Fina. Both previously co-founded Caracas Ron, a delivery e-commerce business that grew during the pandemic.

Their experience building that company preceded the launch of Fina, which has since focused on developing software tailored to the needs and operating conditions of Venezuelan businesses.

A business management platform built for Venezuela

Fina brings together inventory, sales, accounts receivable and payable, bank reconciliation and profitability reports in a single cloud-based platform. The system allows businesses to manage information in both bolívares and U.S. dollars.

The platform costs US$35 per month, calculated at the official BCV exchange rate. Its product has been designed for environments with limited connectivity and small teams, targeting sectors where business administration is still frequently handled through notebooks or spreadsheets.

Among the businesses served by the company are hardware stores, auto parts businesses, technology stores, restaurants, bodegas and distributors.

With more than 5,000 active merchants and an ARR close to US$2 million, Fina enters this new financing round with established operating metrics.

“We firmly believe in Venezuela’s potential and in commerce as a strategic engine of the economy,” said Enrique Rivas.

Credit and artificial intelligence are the next priorities

Over the next six months, Fina will use the new resources to develop new financial and artificial intelligence products.

A central focus will be its SME credit vertical, which launched only a few months ago and, according to the company, is doubling in size month after month.

The company also carried out a loan pilot with a Venezuelan bank, which resulted in almost no delinquency. For Fina, the outcome supports the idea that Venezuela's formal and increasingly digitalized commercial sector can represent a viable credit customer base.

Growing international interest in Venezuela's technology ecosystem

The round takes place amid renewed international interest in Venezuela's technology ecosystem. This year, Cashea raised $100 million, while the country's payments market operates in an almost entirely digital manner.

According to Enrique Rivas, Fina's latest financing reflects growing confidence among investors in the country's opportunities.

“People are no longer afraid to invest in the country, and this round proves it,” Rivas concluded.