Venezuelan fintech startup Fina has closed a $1 million seed round that was oversubscribed, signaling renewed investor appetite for technology companies serving the country's small and medium-sized businesses. The company announced that the financing was co-led by SquareOne Capital and Tomorrow Capital, with additional participation from funds in Brazil, Chile, and the United States. Fina plans to use the capital to expand its cloud management platform and accelerate new financial products for merchants.
Investor backing from four countries
The round brought together capital from four countries and a group of angel investors with Latin American fintech experience. SquareOne Capital from the United States and Tomorrow Capital from the United Kingdom led the transaction, while Norte Ventures from Brazil, Platanus from Chile, and Neer Venture Partners from the United States also participated. Angel backers include Marcelo Lombardo of Omie, Jorge Ulloa of Bold, Rodrigo Tognini of Conta Simples, Gabriel Monroy of Colektia, and Adriel Araujo of Hackmetrix.
A management platform built for local realities
Fina offers a cloud-based system that unifies inventory, sales, accounts receivable and payable, bank reconciliation, and profitability reporting in both bolivars and dollars. The service is priced at $35 per month, calculated at the official exchange rate set by the Central Bank of Venezuela, and is designed for low connectivity environments and small teams. The company serves hardware stores, auto parts shops, technology retailers, restaurants, bodegas, and distributors, many of which still rely on paper records or spreadsheets.
Founding team and early traction
Fina was founded in 2024 by Enrique Rivas, Diego Aponte, Alejandro Fariña, and Sebastián Sánchez. Before launching the startup, Rivas and Aponte co-founded Caracas Ron, a delivery e-commerce business that grew during the pandemic. The company now reports more than 5,000 active merchants and an annual recurring revenue close to $2 million, building on previous rounds of $100,000 and $350,000.
Credit and AI as the next phase
With the new funding, Fina will focus on developing financial products and artificial intelligence solutions over the next six months. A central priority is a credit vertical for small businesses that launched recently and is doubling in size month over month, according to the company. A pilot loan program conducted with a Venezuelan bank produced almost no defaults, reinforcing the view that formal digitalized commerce in Venezuela can be a viable lending segment.
A shifting investment climate in Venezuela
The seed round adds to signs of growing international interest in Venezuela's technology ecosystem. Earlier this year, buy now pay later platform Cashea raised $100 million, while digital payments have become nearly fully digital across the country. Enrique Rivas, Fina's chief executive officer, said the oversubscription shows that investors are no longer afraid to put money into the country and that the company firmly believes in commerce as an economic engine.
Fina's new capital arrives at a time when Venezuelan entrepreneurs are seeking to prove that high-growth technology companies can be built from Caracas and other local markets. The company intends to move beyond administrative software toward becoming a broader financial infrastructure provider for merchants in emerging markets. By combining local market knowledge with international venture backing, Fina hopes to convert early traction into a durable platform that can later expand across Latin America.