# Fintoc SpA

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

- Industry: Financial Services
- Headquarters: Santiago, Chile
- Website: www.fintoc.com/
- Total disclosed funding: $10M
- Latest round: Series A (Apr 25, 2024)
- Investors on record: 4

## About

Founded in 2020 and based in Santiago Metropolitan, Chile, Fintoc SpA operates as a provider of e-financial transaction and online payment management solutions to business firms. Cristobal Griffero (CEO) and Lukas Zorich are the co-founders of the company. In April 2024, Fintoc SpA raised USD 7 million in Series A funding led by Propel Venture Partners and Monashees Capital. Some of the company’s customers include Fintual, Rappi, Xepelin, Movired, Galgo, Mach, Upago, Softland, and others.

The company offers a platform that streamlines financial transactions, empowering businesses to accept account-to-account payments. The firm’s core offering is its payment initiation feature, which enables users to pay directly from their bank accounts without disrupting their app or website experience. In addition, Fintoc facilitates direct debit, allowing businesses to set up recurring payments. The company also simplifies bank reconciliation processes by streamlining expense management, reducing manual data entry, minimizing errors, and optimizing operational efficiency.

The organization plans to use the April 2024 funding to enhance its market presence.

## Funding rounds

- Series A, Apr 25, 2024, $7M — Monashees, Propel
- Seed, Jun 3, 2021, $3M — Monashees, Y Combinator, Soma Capital Management

## Investors

- Monashees (https://capitalatlas.ai/funds/monashees) — Seed, Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Propel (https://capitalatlas.ai/funds/propel) — Series A