Accial Capital
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Accial Capital

Accial Capital Invests in Avista to Support Colombian Pensioners

Bogotá, April 12, 2021 — Bogotá-based startup Avista has announced it has raised up to $20 million in a warehousing credit line from the impact investment firm Accial Capital. With this sophisticated funding structure, Avista expects to disburse in 2021 more than $100 million in new loans leveraged upon a scalable business model supported in portfolio sales to local bank partners.

Founded in 2019 by Gabriel Seinjet and Martin Restrepo, Avista is a technology company focused on building credit products for the underserved Latin American population, starting with payroll lending. Avista leverages data analytics and third-generation credit origination processes to deliver a 100% digital, seamless user experience at competitive rates. As of March 2021, Avista has disbursed a total of $85m in loans.

‘’In such a short period, we have achieved these results, by empowering Colombians to take control of their lending needs at reasonable rates through a memorable experience. We will continue fostering financial inclusion while guaranteeing high customer satisfaction and helping customers achieve their life dreams’’ said Gabriel Seinjet Co-Founder and Co-CEO at Avista.

In Colombia, about 9.1% of its population is over the age of 65. Dubbed the ‘Silver Economy,’ this segment forms the crux of financial stability of many households yet has historically been underserved by traditional financial institutions in intermediate, rural, and low-income cities. As demographic trends forecast strong growth towards older segments of the population, innovative models of finance are needed to drive the silver market.

“This transaction represents a major milestone for Avista, as it allows us to continue evolving into an asset-light company with a solid funding structure. This becomes a fundamental pillar to maintain our exponential growth while solving the needs of our customers. Partnering with Accial demonstrates Avista’s clear vision into becoming the leading digital bank for the underserved population in LatAm around secured payments” Martin Restrepo, Co-Founder, and Co-CEO at Avista mentioned.

Jared Miller, Chief Executive Officer at Accial Capital adds: “Accial Capital invests in loan portfolios that allow lower and middle-income borrowers in emerging markets to achieve financial resilience and/or seize an opportunity. Avista’s fast, simple, and competitively priced loan products allow borrowers enhanced matching of cash demands with availability while avoiding the risk of a debt trap.”

About Accial Capital

Accial Capital is an impact-focused, tech-enabled investor in small business and consumer loan portfolios in Latin America and Southeast Asia. Accial Capital combines data, technology, capital, and credit expertise to contribute to a world of widespread credit access and financial health. Learn more

About Avista

Avista is a tech-based financial company focused on reinventing people’s lives through an ecosystem of simple and digital financial solutions. Its purpose is to guarantee access to credit products to all segments of Colombia’s population, including rural and intermediate cities. Thanks to its state-of-the-art technology, it has been able to develop products at better prices, agile disbursement mechanisms while guaranteeing a satisfactory experience for all its clients. Learn more




Accial Capital is an impact-focused, tech-enabled investor in consumer & SME loan portfolios in emerging markets

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Accial Capital

Accial Capital

Accial Capital is an impact-focused, tech-enabled investor in consumer & SME loan portfolios in emerging markets

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