“Can a vertically-integrated lender to Latin American migrants and gig workers build a financial-services franchise around vehicle-as-collateral credit?”
Founded 2018 in Chile by Canals, Fleischmann and Izikson to provide credit and durable goods (vehicles, motorbikes, phones) to Venezuelan migrants locked out of traditional banking in the Andes region. Pivoted toward gig-economy financing — leasing motorcycles and cars used as work tools for delivery and ride-hail workers. By 2022 had raised $30M Series A from Kayyak Ventures plus an $80M debt facility, expanding into Mexico and Colombia. Operates a consumer-facing brand 'Galgo' in Santiago, Lima and CDMX; legal entity in Chile is Liquitech SpA.
Migrante was founded by Ignacio Canals, Diego Fleischmann and Benjamin Izikson and is founded in 2018, headquartered in Santiago, Chile.
Migrante has raised $30M equity + $80M debt facility (as of 2022) in total (latest round: Series A, 2022).
Get a read on where your own stack stands against Migrante and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.