Flevo

What Flevo does

Flevo is a Latin American fintech founded in 2021 that provides installment-based educational financing to students across the region, enabling access to programming, finance, language, digital marketing, and professional acceleration programs at partner institutions. The company operates as a fully digital, 100% online platform requiring only age 18+ and a national ID — no credit history is needed — with credit decisions rendered in under 24 hours and up to 24 fixed monthly installment payments. Flevo monetizes through credit intermediation commissions and by advancing income to partner institutions while managing installment collection on their behalf (the company acts as a banking correspondent in certain arrangements).

The company's core technology is a proprietary credit risk evaluation engine specialized for thin-file student borrowers, incorporating qualitative assessment of applicant potential alongside traditional credit data and supporting co-debtor/guarantor structures to expand approvals. Flevo has built a distribution network of educational institution partners — including Le Wagon, Carvajal, and multiple other bootcamps and edtechs visible on its website — embedding its financing as a checkout option for students. The platform is delivered with no mobile app (web-only), with WhatsApp as the primary support channel.

Flevo holds legal entities in Colombia (FLEVO S.A.S., NIT 901.532.055-6, headquartered in Bogotá) and Chile (Flevo SpA), with Argentine origins (founded by Matías Cohen). The company has 11-50 employees and has raised capital across three disclosed rounds: a $50,000 grant-equivalent from Codestream and Platzi via the 2021 Platzi Startup DemoDay win, an undisclosed 17Sigma/Ualá-led round in April 2022, and a subsequent undisclosed round from Lupa Capital and New Ventures Capital in early 2023. Flevo was the first and only Argentine company to receive investment from 17Sigma. Revenue is not publicly disclosed.

Name

Flevo

Legal name

FLEVO S.A.S.

Website

https://beflevo.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Flevo is a Latin American fintech that provides installment-based educational financing (up to 24 monthly payments, no credit history required) to students at partner bootcamps and edtechs across Argentina, Chile, and Colombia, monetizing via credit intermediation commissions.

Ownership category

akta.pro rank

Product category

Education Financing

NAICS

Credit Intermediation and Related Activities (522), Activities Related to Credit Intermediation (5223), Sales Financing (52222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Education & Training POS Financing (Bootcamps, Certifications) (FSAKAFAN)

akta.pro secondary industries

Education Line of Credit (Education LOC) (FSAKAEAH), Payments, Cashiering & Payment Plans (EDALAJAE)

Keywords

• Education financing
• Student lending
• Installment payments
• Edtech credit
• Online lending platform

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Installment Financing / Credit Intermediation: Flevo provides financing for educational programs allowing students to pay in fixed monthly installments (up to 24). For some financing arrangements, Flevo acts as a banking correspondent, charging a commission for its intermediation. The company earns revenue from the spread and commissions on the credit it originates.
2. Educational Institution Partnership Revenue: Flevo partners with educational institutions, advancing and managing their income from financed enrollments. Institutions benefit by receiving payment upfront while Flevo manages the installment collection process, taking a commission for this service.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Flevo offers educational financing that allows students in Latin America to pay for professional training, coding bootcamps, languages, and digital marketing programs at partner institutions in up to 24 fixed monthly installments, without requiring credit history. The company partners with educational institutions, advancing them tuition payment upfront while collecting installments from students, and for some arrangements acts as a banking correspondent earning commissions on credit intermediation. The application process is 100% online, with decisions issued in under 24 hours and personalized support delivered through WhatsApp.

Product overview

Flevo is a fintech company offering educational financing as a unified platform with two integrated product components: (1) Educational Financing/Course Financing for students to fund professional training programs, coding bootcamps, and skills courses at partner institutions, and (2) Payment Solutions enabling installment payments without credit cards. The products work together to remove financial barriers to education in Latin America, with the financing directly transferred to educational institutions and students paying Flevo in fixed installments over time.

Differentiator

Problem solved

Functional benefit

Products and services

• Educational Financing / Course Financing
• Institutional Payment Solutions Installment payment solutions offered to educational institutions in Latin America, enabling them to offer more payment methods to students, advance and manage their income from financed enrollments, delegate collection management, and deliver courses across Latin America from a single country of operation. The product is offered to upskill schools, coding bootcamps, and professional training providers, with personalized support for both the institution and its students.

Quantifiable outcome

• Financing approved and disbursed within 24 business hours of application
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Educational Institution Partners (Logos displayed)coreStrategic or Co-development PartnerFlevo partners with educational institutions across Latin America (visible via logos on the website including Le Wagon, Carvajal, and numerous others). Partners benefit from Flevo's financing solution, enabling more students to enroll without upfront payment, while Flevo advances income to institutions and manages installment collections. Flevo also enables institutions to offer courses across Latin America through a single-country presence.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kueski: Mexico-based online lender offering installment credit and BNPL to underbanked consumers. Comparable in approving thin-file borrowers, charging commissions, and using alternative data underwriting — a regional parallel to Flevo's model.
• Aplazo: Mexico-based BNPL fintech offering interest-free installment payments at point of sale. Comparable LATAM installment-financing model targeting underbanked consumers, with a B2B2C distribution approach similar to Flevo's institution partnerships.
• Addi: LATAM BNPL fintech (Colombia, Brazil, Mexico) that finances consumer purchases in installments at the point of sale. Highly comparable to Flevo's installment-credit model and target underbanked consumer base, with overlap in Colombia where both operate.
• Z1 (formerly Z1 Estudiantes): Brazilian student banking/fintech that provides financial products targeted at students, including accounts and credit. Directly comparable in the student-finance niche in another major LATAM market, with similar mission of serving young/underbanked learners.

Broad incumbents

• Mercado Pago: The dominant LATAM payments and consumer-credit platform, attached to Mercado Libre. Its installment/credit offerings compete for the same underbanked consumer wallet share as Flevo and could enter education finance at scale.
• Stori: Mexico-based credit-card fintech serving thin-file consumers via alternative-data underwriting. Comparable in targeting the same unbanked/underbanked LATAM consumer segment with credit products.
• RecargaPay: Large LATAM fintech offering payments, mobile top-ups, and credit products across Brazil, Mexico, Argentina and beyond. Comparable as a regional consumer-credit and payments platform that could expand into education finance.
• Creditas: Brazilian consumer and asset-backed lending platform (auto, home, payroll loans) serving underbanked borrowers. Comparable as a larger LATAM credit-intermediation platform using alternative data underwriting.
• Ualá: Argentine fintech (and parent of investor 17Sigma) with prepaid cards, credit, and consumer finance products across LATAM. Comparable as a regional consumer-finance player; also a direct strategic relationship via the 17Sigma investment.

Others

• Belvo: LATAM open-banking API platform enabling lenders to access bank data and initiate payments. Comparable as enabling infrastructure for thin-file credit underwriting of the type Flevo performs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/flevo
• Instagraminstagram.com/beflevo

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors6 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 Flevo