ArkAngeles covers the need for seed capital of start-ups

Alejandro Brega
Aug 5 · 2 min read

To date, ArkAngeles has helped 41 start-ups raise capital for a total sum of 30 million pesos, says the manager. Through the crowdfunding model, companies that have between six months and two years of operation, with a product or service in the market, customers and a multidisciplinary team with experience in the sector in which they participate, can launch a campaign in the platform to raise capital.

The minimum amount for an investor to participate is 10,000 pesos and the maximum is 10 million pesos per campaign, due to what is determined by the anti-money laundering regulation of the Fintech Law.

The role of banks

The Albo digital bank, the Vexi online credit card issuer and the Baubap micro loan platform are some of the companies that have resorted to this crowdfunding to raise average tickets of 1.5 million pesos.

“We do not guarantee returns because we are not financial advisors, but we do sniff the best opportunities as was the case of Albo, with which we had a way out in the secondary market”, says Luis Barrios.

Final raise

The digital bank launched its campaign in 2017 and at the end of 2018 it raised a $ 7.4 million investment round led by the Mountain Nazca fund, which has invested in firms in the United States, Chile, Peru and Colombia. “There were shareholders — from ArkAngeles — who came out after eight months that made their investment and enjoyed a return of 300%”, he says.


Originally published at TheStartupFounder.com.

Alejandro Brega

Written by

TheStartupFounder.com — Startups, fintech, e-commerce, crypto and online advertising.

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