Fintech Blanco Secures US$2M Round with Over 160 Investors via Crowdfunding in Chile

Fintech Blanco continues to consolidate its growth after closing a US$2 million funding round, marking a milestone in the Chilean ecosystem by expanding access to startup investment through more inclusive models.

A round that democratizes startup investment

The transaction was carried out through Broota, with the participation of more than 160 investors. This model enabled both small and large tickets to coexist within a single vehicle, significantly broadening access to investment opportunities.

According to the company, the capital raised will be primarily allocated to leverage, allowing it to scale its lending capacity up to US$20 million.

Additionally, Blanco achieved profitability within its first year of operations, reinforcing the strength of its business model and execution capabilities.

Strategy, discipline, and long-term vision

The leadership of Diego Contreras, CEO and co-founder, has been key in this process. With prior experience as co-founder of Zeppelin, Contreras highlights the importance of combining ambition with discipline:

“It is essential to define an ambitious and clear roadmap, but also to execute it with discipline and adaptability.”

The company’s culture is also shaped by a holistic leadership vision, integrating different aspects of life—entrepreneur, spiritual leader, and father—into a coherent identity. This philosophy is reflected in how the company is built and in the values of responsibility and purpose shared with the team.

Crowdfunding as a competitive advantage

Choosing crowdfunding over a traditional venture capital round was a strategic decision. According to Contreras, this model offers key advantages such as:

• The ability to group investors into an SPV
• Greater governance flexibility
• Media reach that strengthens relationships with SMEs

The round also demonstrated resilience in a challenging economic environment, going through pauses and reactivations before successfully closing.

Sustained growth and future outlook

Blanco has processed more than CLP 17 billion and has deployed close to US$50 million in financing to date.

With this new capital, the fintech aims to:

• Strengthen its market position
• Expand its product portfolio
• Continue scaling its growth exponentially

The round not only enhances its financial capacity but also validates its business model and value proposition: delivering simple and effective financial solutions for SMEs, a segment historically underserved in access to credit.