# Destacame SpA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/destacame

- Industry: Software
- Headquarters: Santiago, Chile
- Website: www.destacame.cl
- Total disclosed funding: $14M
- Latest round: Series B (Nov 29, 2022)
- Investors on record: 6

## About

Based in Chile, Destacame SpA operates as a financial technology company focused on helping individuals manage their debts through tailored financial solutions and access to credit improvement resources.Destacame SpA is a financial technology firm established in 2014, headquartered in Santiago, Chile. It focuses on providing financial solutions to individuals struggling with debt. The company was founded by Augusto Ruiz-Tagle, Jorge Camus, and Sebastian Ugarte. In November 2022, Destacame raised USD 10 mn in Series B funding, co-led by Banco Santander and Kayyak Ventures, with participation from FenVentures, bringing its total amount raised to USD 10 mn. The company has completed three deals to date, with its most recent deal occurring on 29 November 2022.Destacame provides a comprehensive platform aimed at helping individuals in Chile manage and reduce their debts through various financial solutions. The core offerings include access to debt reports, credit history improvement options, and tailored payment plans for outstanding debts, all designed to empower users to regain control of their finances. Users can create a free account using their RUT or Clave Única, enabling them to access tools such as the Informe de Deudas CMF and Reporte Comercial, which detail their financial obligations. Destacame collaborates with major financial institutions, allowing clients to discover and choose from various payment alternatives, including discounted settlements on delinquent debts, with potential reductions of up to 90%. The services target a broad customer base, specifically focusing on individuals facing financial difficulties in Chile, assisting them in navigating their debt situations and achieving financial stability.Destacame operates on a subscription model that offers several tiers of service, catering to different financial needs and situations of its clients. The pricing plans include a free basic plan, a mid-tier PRO plan, and an advanced PRO+ plan, each designed to provide varying levels of support and financial education. For example, the PRO plan facilitates debt management and includes services such as weekly debt diagnostics and access to discounts for settling debts, while the PRO+ plan supports users in improving their credit profiles and accessing credit options up to USD 400,000. Revenue is generated from these subscription fees, along with potential partnerships and transactions involving financial institutions that may pay for leads or service engagement. By providing tailored financial solutions and ongoing support, Destacame enhances its value proposition for its client base while generating consistent revenue through these structured offerings.In November 2022, Destacame SpA raised USD 10 mn in Series B funding to support its financial business. The company plans to enhance its existing platform and introduce new products tailored to the needs of its users. Destacame is exploring expansion into additional markets within Latin America to broaden its user base and increase its impact. The recent funding will be utilized to develop new features and improve service delivery, supporting its growth initiatives.

## Funding rounds

- Series B, Nov 29, 2022, $10M — Banco Santander, FenVentures, Kayyak Ventures
- Series A, Mar 4, 2019, $3M — Accion, Nazca, FenVentures
- Seed, Dec 7, 2016, $1M — Accion, Nazca, Catalyst Fund

## Investors

- Accion (https://capitalatlas.ai/funds/accion) — Seed, Series A
- Nazca (https://capitalatlas.ai/funds/nazca) — Seed, Series A
- Catalyst Fund (https://capitalatlas.ai/funds/catalyst-fund) — Seed
- FenVentures (https://capitalatlas.ai/funds/fenventures) — Series A, Series B
- Banco Santander — Series B
- Kayyak Ventures (https://capitalatlas.ai/funds/kayyak-ventures) — Series B