What Cumplo does

Cumplo is a Santiago-headquartered, privately held fintech operating the largest collaborative financing network for small and medium enterprises in Latin America, with active operations in Chile, Mexico, and Peru since 2018. The platform connects SMEs that need working capital and invoice advances with a base of approximately 10,000 individual and institutional investors, and since 2017 has layered in institutional capital partners (Endurance/Venturance, Moneda Asset Management, Fasanara) alongside its retail investor base. Across its history Cumplo has facilitated roughly US$3.3–3.5 billion in financing to more than 7,400 companies, reporting a historical default rate of 0.45% and a 99.55% collection recovery rate.

The product surface spans core SME financing products — Anticipo de Facturas (invoice advances covering 95–100% of invoices), Pronto Pago (corporate-driven early payment, settled within roughly two hours of confirmation), Capital de Trabajo (short-term working-capital loans), Anticipo Serviu and Anticipo Riego (advances against Chilean government housing and irrigation subsidies), and Extiendo Pago (corporate extended-payment terms). On the investor side, Cumplo distributes exposure through direct invoice/credit selection (Cumplo One), the daily-liquid Index Token issued by Imparables SpA (~1.95% annual return), and the quarterly-liquid Puma Token issued by Puma Token SpA (7.15% in 2025) investing across Chile, Peru, and Mexico. Underpinning underwriting is the proprietary ADA risk-scoring algorithm, which uses the platform's fourteen-year transaction history to price credit; settlement runs through a digital wallet (Saldo Cumplo) that supports bank transfers and Khipu.

Cumplo monetizes primarily through transaction-based fees: investor entry fees (tiered by tenor, starting at 0.007% × amount × days + VAT for credits ≤120 days), investor exit fees (0.2%/30 × capital × effective days + VAT, with prepayment discounts), commissions on invoice advances, and management/administration fees embedded in token pricing. Distribution is hybrid — self-serve digital onboarding for SMEs and retail investors, with a field-sales motion serving 130+ corporate clients on Pronto Pago and Extiendo Pago, leveraging partners such as CMPC, Sodimac, Tottus, Mallplaza, CCU, Parque Arauco, Entel, and Soprole to route supplier flow. Cumplo has been a certified B Corporation since 2013 (the first fintech in Latin America to earn the designation), is privately held with no parent company, and operates from offices in Santiago (Las Condes) and Viña del Mar under CEO Gonzalo Kirberg and founder Nicolás Shea.

Name

Cumplo

Legal name

Cumplo

Website

https://cumplo.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Cumplo is a Chile-founded collaborative fintech operating in Chile, Mexico, and Peru that connects SMEs needing invoice advances and working capital with individual and institutional investors, having facilitated over US$3.3 billion across more than 7,400 companies.

Ownership category

akta.pro rank

Product category

Alternative Lending Platform

NAICS

Credit Intermediation and Related Activities (522), Sales Financing (52222), Open-End Investment Funds (525910)

SIC

Short-Term Business Credit Institutions (6153), Asset-Backed Securities (6189)

akta.pro primary industry

P2P Small Business / SME Marketplace Lending (FSAKAHAC)

akta.pro secondary industries

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE), SME Term Loans & Growth Capital (FSAKAGAB), P2P Loan Syndication & Participation Platforms (FSAKAHAL)

Keywords

• SME lending platform
• Invoice factoring
• Working capital loans
• Private debt investment
• Collaborative financing

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform Fees - Entry Fee: Charged to investors for platform usage. Calculated as (0.007% * Invested Amount * Committed Days of Credit) + VAT for credits ≤120 days. Higher rates for longer-term credits.
2. Platform Fees - Exit Fee: Charged for credit structuring, management, and collections. Calculated as (0.2%/30 * Capital Received * Effective Days Invested) + VAT. Discounts apply for early prepayments.
3. Commission - Invoice Advances: Commission for managing invoice advance operations, capitalizing on the platform's extensive network of SMEs and investors.
4. Token Management/Administration: Token issuers (Imparables SpA and Puma Token SpA) charge fees incorporated into daily token pricing. All costs included in displayed price.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Cumplo operates a two-sided collaborative financing platform that matches SMEs seeking invoice advances, working-capital loans, state-subsidy advances, and corporate supplier early-payment (Pronto Pago) with individual and institutional investors in Chile, Peru, and Mexico. Through direct investments and tokenized vehicles (Index Token, Puma Token), investors fund SME credit and earn gross annual returns of 14%–21%, while the company earns entry/exit platform fees, transaction commissions, and embedded token-administration fees.

Product overview

Cumplo is a collaborative financing platform that connects Chilean and Latin American SMEs seeking growth with investors willing to fund their projects. The platform operates on a multi-product architecture consisting of financing products for businesses (Anticipo de Facturas, Pronto Pago, Anticipo Serviu, Anticipo Riego, Capital de Trabajo, Extiendo Pago) and investment products for investors (Index Token, Puma Token, Cumplo One). The platform also offers corporate payment solutions and a digital wallet (Saldo Cumplo) for fund management. As a B Corp certified fintech present in Chile, Peru, and Mexico, Cumplo facilitates invoice factoring, working capital loans, and tokenized debt investments, channeling over USD 3.3 billion to more than 7,200 SMEs.

Differentiator

Problem solved

Functional benefit

Brands

• Index Token: Virtual financial asset with daily pricing, issued by Imparables SpA. Invests in financing requests published on the Cumplo Chile platform. Offers daily liquidity after the first 30 days.
• Puma Token

Products and services

• Anticipo de Facturas Invoice advance product that allows companies to convert their accounts receivable into immediate cash by anticipating invoice payments, financing between 95% and 100% of invoice value with same-day funding averaging 3-5 hours and no prepayment penalties. Designed for SMEs in Chile, Peru, and Mexico that face long payment cycles from corporate clients and need liquidity without taking on traditional debt.
• Pronto Pago Early-payment service that lets suppliers of partner corporations (such as CMPC, Sodimac, Tottus, CCU, Entel, Soprole) anticipate their invoices; Cumplo confirms with the corporation, pays the supplier the same day, and assumes default risk, providing suppliers with fast liquidity and corporations with stronger supplier relationships.
• Anticipo Serviu State-subsidy advance product for construction companies working with Chile's Ministry of Housing and Urbanism (Minvu) and SERVIU on social housing projects, allowing them to anticipate debts owed by the government for completed construction work and convert receivables into immediate liquidity.
• Anticipo Riego State-subsidy advance product for companies working with Chile's National Irrigation Commission (CNR) on canal construction, reservoirs, and technified irrigation installation, allowing them to anticipate CNR subsidies and bonds into immediate working capital.
• Capital de Trabajo Short-term working-capital loan product for existing Cumplo client SMEs that have demonstrated payment responsibility, backed by promissory notes and checks, with typical terms of 15-120 days and gross investor interest rates of 14-21% annually based on risk assessment.
• Extiendo Pago Extended-payment solution for medium and large corporate clients that allows them to extend payment terms to suppliers, paired with Capital de Trabajo on the supplier side, supported by Cumplo's payment infrastructure and simplified treasury workflows.
• Index Token Tokenized investment product issued by Imparables SpA with daily pricing linked to financing requests published on the Cumplo Chile platform, offering daily liquidity after a 30-day holding period and a current annual return of approximately 1.95% with a low risk profile.
• Puma Token Tokenized investment product issued by Puma Token SpA, investing in working-capital financing requests on the Cumplo Chile, Peru, and Mexico platforms, with quarterly liquidity on four annual dates and a 2025 annual return of 7.15% at medium risk profile.
• Corporate Payment Solutions End-to-end payment-management offering for corporate clients covering supplier early payment (Pronto Pago), extended payment terms (Extiendo Pago), preferential supplier rates, simplified treasury processes, and technology integration into client payment workflows, currently used by more than 130 corporates.

Quantifiable outcome

• 0.45% historical default rate
• +5 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship and major.

• CMPCflagshipChannel Partner/ Reseller/ DistributorMajor Chilean forestry and paper company offering Pronto Pago program to suppliers through Cumplo platform.
• SodimacflagshipChannel Partner/ Reseller/ DistributorHome improvement retailer offering early payment solutions to suppliers via Cumplo's Pronto Pago.
• TottusflagshipChannel Partner/ Reseller/ DistributorSupermarket chain providing early payment options to suppliers through Cumplo platform.
• MallplazamajorChannel Partner/ Reseller/ DistributorShopping mall operator offering suppliers early payment through Cumplo's Pronto Pago program.
• Parque AraucomajorChannel Partner/ Reseller/ DistributorReal estate developer offering early payment to suppliers via Cumplo.
• CCUmajorChannel Partner/ Reseller/ DistributorCervecería CCU - large beverage company with Pronto Pago program through Cumplo.

Scale indicators16 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Mercado Pago: LatAm's largest digital payments and merchant credit platform, part of Mercado Libre. Comparable as a broad incumbent entering SME credit, supply-chain finance, and merchant working capital across the same countries Cumplo operates in.
• Nubank: Latin America's largest digital bank, expanding into Mexico and Colombia with consumer and SMB credit products. Comparable as a broad incumbent whose scale and capital access pose competitive pressure on Cumplo's SME lending niche.

Direct peers

• Kredito: Online lending platform serving SMEs and individuals across Latin America. Closely comparable to Cumplo in collaborative/p2p-style lending for SMEs, multi-country presence, and digital-first origination model.
• Konfío: Mexico's leading digital lending platform providing working capital and SME loans. Directly comparable to Cumplo in product (invoice/working capital financing), customer (LatAm SMEs), and business model (data-driven underwriting), with a focus on the Mexican market where Cumplo also operates.
• Kueski: Mexican fintech offering online credit to consumers and SMEs. Comparable to Cumplo in serving underbanked Mexican borrowers with fast, digital underwriting, with growing overlap in SME working capital products.
• Clara: Mexico-based corporate spend management and credit platform. Comparable to Cumplo's Extiendo Pago and corporate payment solutions, both serving mid/large LatAm companies with embedded B2B financing.
• Afluenta: Argentina-origin P2P lending marketplace that expanded across Latin America. Closely comparable to Cumplo's marketplace lending model connecting retail investors with SME borrowers, though with a stronger Argentine footprint.
• Prestamype: Peruvian fintech providing invoice discounting and SME loans funded by retail investors. Directly comparable to Cumplo's Anticipo de Facturas and Puma Token cross-border exposure in Peru.

Others

• BancoEstado: Chilean state-owned commercial bank with deep SME lending programs. Relevant as a public-sector alternative and potential channel partner for Cumplo's Chilean SME borrowers, but not a direct competitor in the platform-lending model.

Regional players

• Stori: Mexican fintech issuing credit cards and loans to underbanked consumers and small merchants. Comparable to Cumplo in serving credit-underserved Mexican segments with digital underwriting, with overlap in SMB working capital.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/cumplo
• Facebookfacebook.com/cumplomx

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cumplo