Kayyak Ventures led a USD30m Series A for Migrante, a Chilean car and motorbike lending platform for gig workers, with participation from angels Sergio Furio (Creditas), Eduardo della Magiora (Betterfly) and Huey Lin (GGV). Migrante also secured a USD80m debt facility as part of the round. Migrante raised a USD2.5m round from Kayyak, FEN Ventures and FOs Olivo Capital and Nazar in April 2021.
(TechCrunch) – Having reliable transportation is at the top of any gig worker’s list, but in Latin America, that’s not always easy to secure.
Chile-based Migrante is working to change that. Initially starting in Venezuela, now with $30 million in Series A funding and $80 million in a debt facility, it is moving into both Colombia and Mexico.
In 2018, Ignacio Canals, Diego Fleischmann and Benjamin Izikson got the idea for the e-commerce and lending company to provide durable goods, like cars, motorbikes and mobile phones, for gig workers in the Andes region.
Read more at TechCrunch.