# Camino Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/camino-financial

- Industry: Financial Services
- Headquarters: Los Angeles, US
- Website: www.caminofinancial.com
- Total disclosed funding: $11M
- Latest round: Series A (Apr 30, 2021)
- Investors on record: 8

## About

Camino Financial, Inc. is a US-based company focusing on providing financial solutions specifically for underbanked minority-owned businesses, enabling them to access much-needed capital for growth and operational needs.Founded in 2014 in Los Angeles, California, Camino Financial, Inc. specializes in lending products for small businesses facing financial challenges. The company has successfully completed 11 deals, with its most recent transaction occurring in April 2022. In this round, Camino Financial raised USD 150.00 mn in Venture Debt funding, led by Community Investment Management. The company was co-founded by Kenneth Salas and Sean Salas, with Mickey Konson currently serving as CEO.Camino Financial, operating under the trade name Salas & Company LLC, primarily offers lending products and services tailored for underbanked minority-owned businesses. The core offerings include various loan products designed to provide accessible financing options that facilitate business growth and development. By collaborating with mission-aligned organizations, Camino Financial pools low-cost funding and educational resources to address the financial challenges faced by these communities. The primary customer base consists of small business owners seeking capital for operational expenses, expansion, or other financial needs. While the company is headquartered in Reston, Virginia, its services are marketed across various geographical markets within the United States, specifically targeting underserved communities that traditionally lack access to mainstream financial institutions.Camino Financial generates revenue through the provision of its lending products and services, which are structured around direct-to-consumer transactions. The financial transactions involve clients applying for loans that are assessed based on their business profiles and specific funding requirements. Successful applicants receive funding, which is typically repaid over a set period, thereby creating a revenue stream for the company through interest and fees associated with the loans. The specific pricing plans for these loans are aligned with industry standards, ensuring competitive offerings that cater to the financial capabilities of minority-owned businesses. Additionally, the company maintains a commitment to transparency and customer support, enhancing client relationships and fostering loyalty within its target market.In April 2022, Camino Financial, Inc. raised USD 150.00 mn in Venture Debt funding, aimed at supporting qualified U.S. micro-businesses. The company plans to utilize this funding to enhance its service offerings and expand its reach into new markets, focusing specifically on underserved communities across the United States. Specific upcoming new products are being designed to cater to the unique needs of these markets, although exact release dates are not disclosed.

## Funding rounds

- Series A, Apr 30, 2021 — L'ATTITUDE Ventures
- Series A, Dec 11, 2019, $8M — Crédito Real, S.A.B. de C.V., SOFOM, E.N.R., DILA Capital, 10X Capital
- Seed, Aug 17, 2016, $2M — Comcast Ventures, Hunt Holdings, Collaborative Fund, Impact America Fund
- Seed, Nov 10, 2015, $0.8M — Collaborative Fund

## Investors

- Collaborative Fund (https://capitalatlas.ai/funds/collaborative-fund) — Seed
- Comcast Ventures (https://capitalatlas.ai/funds/comcast-ventures) — Seed
- Hunt Holdings — Seed
- Impact America Fund (https://capitalatlas.ai/funds/impact-america-fund) — Seed
- Crédito Real, S.A.B. de C.V., SOFOM, E.N.R. — Series A
- DILA Capital (https://capitalatlas.ai/funds/dila-capital) — Series A
- 10X Capital (https://capitalatlas.ai/funds/10x-capital) — Series A
- L'ATTITUDE Ventures (https://capitalatlas.ai/funds/l-attitude-ventures) — Series A