Finnecto raises $1.7M to grow across Latin America

Chilean startup Finnecto, a platform that automates procurement, expense and vendor payment processes, has raised $1.7 million in pre-seed funding. The round will fuel further product development and support the company’s expansion across Latin America, where it aims to become the go-to solution for enterprise-level operational spend management.

Strategic investors back Finnecto’s regional vision

The funding round was co-led by Amador, known for backing companies like Simetrik, Bold and Healthatom, and Salkantay Ventures, which has also invested in Galgo, Moonflow and Ubits. Other investors include Kfund, with a presence in Brazil and Europe and investor in unicorn Factorial, as well as BuenTrip Ventures, Hustle Fund, ADN Ventures, Punto Cero Ventures, and The Pitch Fund.

A critical solution for LATAM enterprises

“This milestone validates the path we’ve built and reinforces our conviction: Finnecto is solving a critical pain point for companies across Latin America,” said Ariel Puga, co-founder and CEO. “The round not only accelerates us—it helps us consolidate our position as the leading platform in operational spend management for the enterprise segment.”

According to Vicente Espinosa, co-founder and CTO, the diversity of investors brings global vision, deep operational expertise and strategic networks to help Finnecto scale with technical excellence and speed.

AI-powered growth and regional expansion

The $1.7 million investment will be used to expand operations across the region, deepen product integrations with financial ecosystems, and strengthen Finnecto’s AI capabilities. A significant portion will go toward R&D, building a scalable architecture with top-tier technical talent, where artificial intelligence becomes the core engine of efficiency.

The company also plans to grow its senior commercial and customer experience teams, attracting mission-driven talent aligned with Finnecto’s goal to reshape how finance teams operate in Latin America.

From vision to reality: Finnecto’s journey

Finnecto began in mid-2023, after conversations between co-founders Puga and Espinosa sparked a shared ambition to solve budget management holistically. Their thesis evolved as they validated the idea with users and industry leaders, including trips to the U.S., leading to a pivot and the official launch of Finnecto in 2024.

After initial traction with large companies and angel investment from Plug and Play and others, Finnecto gained momentum, growing its footprint across offices in Chile, Colombia, Peru and Mexico, and securing clients across industries like insurance, finance, tech and logistics.

A deeply localized yet regional platform

Finnecto stands out by integrating disconnected business areas—finance, accounting, legal, procurement, compliance and automating processes that used to take weeks, reducing spend cycles by up to 80% and operating costs by 35–40%. It also ensures full compliance with company policies and budgets.

A core differentiator is Finnecto’s ability to localize deeply while scaling regionally. The platform integrates with local tax and financial systems, and ERPs like SAP, Oracle, Netsuite, and Odoo, allowing faster adoption in medium and large enterprises.

A regional future built with local strength

“Our ability to scale without losing operational depth has been key to becoming a strategic partner for companies undergoing financial transformation,” concluded Puga. “We’re building something with the potential to change how finance teams work in Latin America—with intelligence, speed and excellence.”