Fapro
Fapro is a Chilean open finance SaaS platform serving banks, factoring companies, insurers, and investment funds across Latin America with AI-driven risk scoring, fraud detection, predictive analytics, and digital onboarding powered by aggregated government and alternative financial data.
- Company typePrivate
- Founded2019
- HeadquartersSantiago, Chile
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Fapro does
Fapro SpA is a Chilean open finance SaaS company, founded in 2019 in Santiago, that provides financial intelligence, risk analytics, and digital onboarding tools to financial institutions across Latin America. Its platform aggregates data from official government sources — SII in Chile, SUNAT in Peru, and TGR — alongside non-conventional financial sources, and runs analytics on 42,000+ companies daily to produce real-time risk scoring, fraud detection, predictive insights, and supplier-payer relationship mapping. The company serves more than 70 financial institutions in Chile and 15 in Peru, with primary customers concentrated among factoring companies, banks, investment funds, and insurers, and claims US$183M+ in SME financing facilitated through its clients.
The core product, Fapro Scoring+, is delivered through two distribution channels: a no-code Widget Engine for non-technical users and an API Connect integration for developer-led embedding, both running on an AWS microservices architecture (EC2, S3, VPC) with multi-tenant isolation and ISO/IEC 27001 certification (DNV, March 2024). Supporting modules include Fapro Bot (an autonomous alert agent), Users Tracking (executive productivity analytics), and Fapro Academy (client training). Fapro monetizes via custom annual SaaS subscriptions plus usage-based API access, with a sales-led enterprise GTM combining field sales, inside sales, demo bookings, and pilot programs.
Fapro has expanded from Chile into Peru (December 2023) and announced a Mexico entry (2022), won AWS Case of Success recognition (2023), was selected into Endeavor Chile's GEN 2 Scale Up program (2025), and holds Finnovista Fintech Radar and Fintech Américas distinctions. The founding team is led by Max Ortiz (CEO), Pablo Carrasco (CFO), and Leonardo Hidalgo (CTO); headcount sits at 11-50 employees and the company remains privately held with no disclosed institutional funding rounds.
Fapro firmographics
Firmographics- Name
- Fapro
- Legal name
- Fapro SpA
- Website
- https://fapro.app
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fapro is a Chilean open finance SaaS platform serving banks, factoring companies, insurers, and investment funds across Latin America with AI-driven risk scoring, fraud detection, predictive analytics, and digital onboarding powered by aggregated government and alternative financial data.
- Ownership category
- akta.pro rank
Fapro industry classification
Industry- Product category
- Open Finance / Financial Risk Analytics Software
- NAICS
- Software Publishers (513210), Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Pricing, Risk-Based Offer & Limit Management (FSAGAHAE)
- akta.pro secondary industries
- Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK), Tax Operations Support (Indirect Tax, Withholding, Compliance Admin) (BPAAAGAI)
Keywords
Where Fapro is headquartered
LocationHeadquarters
- HQ city
- Santiago
- HQ country
- Chile
- HQ region
- Latin America
Offices2 records
Markets served
Fapro business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Platform Subscription: Fapro operates as a SaaS (Software as a Service) platform providing subscription-based access to its open finance intelligence solutions. Clients access the platform via Widget Engine or API Connect, paying for the financial intelligence, risk analysis, and analytics capabilities. The model includes onboarding support and continuous platform updates.
- API Usage and Data Access: Revenue is generated through API-based data access and processing, where financial institutions connect to Fapro's data ecosystem. The company processes and centralizes data from official government sources and non-conventional sources, monetizing access to this integrated intelligence layer.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Custom enterprise pricing based on institution size, data volume, and modules selected |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels12 records
Fapro product offering
Product offeringCore offering
Fapro is an open finance intelligence platform that aggregates financial, tax, and business data from government sources (SII Chile, SUNAT Peru, TGR) and non-conventional data sources in real time, processing 42,000+ companies daily. It delivers AI/ML-powered risk scoring, automated digital onboarding, predictive analytics, and fraud detection to financial institutions such as banks, factoring companies, investment funds, and insurance companies. The platform is delivered as SaaS through a Widget Engine (no-code dashboards) and API Connect for developer integration, enabling clients to operate as full fintechs in under 48 hours.
Product overview
Fapro is a unified open finance platform operating in Chile, Peru, and Mexico that provides intelligent financial technology solutions for banking, financing, insurance, and investment sectors. The core platform Fapro Scoring+ integrates financial analytics, digital onboarding, and API connectivity with modular components including Widget Engine for customizable dashboards, Fapro Bot for automated alerts, and Users Tracking for commercial team optimization. The system processes data from government sources (SII, SUNAT, TGR) and integrates with client systems via APIs to deliver real-time risk analysis, predictive scoring, and hyper-personalized financial services.
Differentiator
Problem solved
Functional benefit
Brands
- Fapro Scoring+: Enhanced platform version with improved navigability, intuitive interface, and direct access to financial indicators for factoring operations.
- Fapro Bot
- Fapro Academy
Products and services
- Fapro Scoring+ Platform Core open finance intelligence platform providing financial analytics, risk scoring, dashboards, and direct access to financial indicators (including SII tax folders) for financial institutions such as banks, factoring companies, investment funds, and insurance companies.
- Financial Analytics (Analítica Financiera) Dashboard-based financial analytics offering that detects risk and enhances profitability through AI-powered analysis of financial operations, tax indicators, and real-time decision support for banks, factoring companies, and financing firms.
- Digital Onboarding (Onboarding Digital) Automated onboarding solution that downloads and validates financial, legal, and tax documents from multiple official and non-conventional data sources, enabling financial institutions to evaluate new clients and prospects in minutes rather than weeks.
- API Connect API-based integration layer that enables agile, frictionless connection between Fapro's open finance data ecosystem and clients' existing banking systems, ERPs, and custom workflows, with security guarantees and developer documentation.
- Fapro Academy Training and education platform for users and executives in the financial industry, designed to accelerate digital ecosystem adoption and improve financial literacy among Fapro's client institutions.
Quantifiable outcome
- Reduces operational burden by up to 90% for banks and financing companies
- +8 more outcomes
Companies that use Fapro
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles4 records
Fapro technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability6 records
Feature7 records
Fapro partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and supporting.
- Morris & OpazocoreMorris & Opazo is a leading AWS partner in Latin America that has worked with Fapro since its early stages to optimize cloud infrastructure costs, standardize security and access protocols, and implement scalable solutions on AWS. The partnership has been fundamental to Fapro achieving its AWS Case of Success recognition in 2023, enabling Fapro to reduce operational costs while maintaining enterprise-grade security and performance.
- HackmetrixcoreHackmetrix, a Chilean cybersecurity firm, partnered with Fapro to implement the Information Security Management System (SGSI) and prepare for ISO 27001 certification. Since February 2023, Hackmetrix has conducted ongoing audits and compliance assessments to ensure Fapro meets international information security standards, supporting the company's regulatory positioning ahead of the Chilean Fintec Law.
- Amazon Web Services (AWS)coreAWS provides Fapro's cloud infrastructure foundation, including microservices architecture on EC2, S3 storage, and VPC isolated networking. AWS recognized Fapro as a case of success in 2023 Latam, highlighting its secure, scalable, and cost-optimized architecture. Fapro operates as part of the AWS Partner Network.
- HubSpotsupportingFapro utilizes HubSpot as its CRM and marketing automation platform, managing lead tracking, marketing campaigns, collaborative marketing agreements, and customer communications. HubSpot's meeting scheduling tools are integrated into Fapro's website for demo booking.
- Det Norske Veritas (DNV)coreDNV is the international certification body that audited and awarded Fapro the ISO/IEC 27001 certification in March 2024, validating the company's information security management system and providing external credibility for its security practices.
- Endeavor ChilesupportingFapro was selected for Endeavor Chile's Scale Up program (GEN 2, 2025), gaining access to mentorship, networking opportunities, and high-impact entrepreneurship support. Endeavor's recognition validates Fapro as a high-growth, job-creating technology company with regional expansion potential.
Scale indicators22 records
Recent moves7 records
Expansion highlights6 records
Fapro competitors and assessment
Company assessmentDirect peers
- Belvo: Belvo is the leading open finance API platform for Latin America, aggregating financial data from banks and fintechs. It competes directly with Fapro across Mexico, Brazil, and Colombia, with similar developer-first GTM and enterprise bank/fintech customer base.
- Plaid: Plaid is the global benchmark for open finance / financial data aggregation APIs. While it primarily serves North America/Europe, its product concept (connect financial accounts, enrich with data, deliver to lenders) directly mirrors Fapro's API Connect and Scoring+ proposition.
- Destácame: Destácame is a Chilean-founded credit data and alternative-data platform serving financial institutions and consumers in Latin America. Operates in the same geography and customer segments (banks, fintechs) with comparable alternative-data scoring.
- Truelayer: TrueLayer is a UK/EU open banking API platform serving lenders, fintechs, and banks. It shares Fapro's API-first GTM, developer documentation posture, and risk/income verification use cases for credit decisioning.
- Tink (Visa): Tink, owned by Visa, is a European open banking platform offering account aggregation, payment initiation, and risk/insights data. Direct conceptual peer to Fapro's open finance API + analytics stack serving FI customers.
Broad incumbents
- CRIF: CRIF is a global credit bureau and business information provider with strong presence in Latin America. Offers company data, credit scoring, and analytics to banks/financial institutions—overlapping with Fapro's enterprise customer base and risk-analytics proposition.
- Equifax: Equifax is a global credit bureau serving banks, lenders, and insurers with credit data, scoring, and analytics. Comparable as a broad provider of financial data intelligence to financial institutions in Chile/Peru.
- Experian: Experian is a global credit information and analytics company serving financial institutions worldwide. Operates bureaus and decisioning platforms that compete at the enterprise-tier of the same customer base Fapro addresses.
- Moody's / Bureau van Dijk: Bureau van Dijk (a Moody's company) provides global company data and Orbis platform for company financials. Comparable as a broad incumbent supplying company intelligence and KYC/risk data to financial institutions.
Emerging players
- Pomelo: Pomelo is a LatAm fintech-as-a-service infrastructure provider offering banking, cards, and KYC rails. Adjacent rather than directly overlapping, but shares the region's fintech-infrastructure thesis and bank/fintech customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Fapro social profiles
Digital presenceFapro compliance and trust
Trust signalCompliance2 records
Fapro financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fapro leadership team
Management profileNumber of profiles
Profiles5 records
Fapro funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fapro M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fapro
What does Fapro do?
Fapro is an open finance intelligence platform that aggregates financial, tax, and business data from government sources (SII Chile, SUNAT Peru, TGR) and non-conventional data sources in real time, processing 42,000+ companies daily. It delivers AI/ML-powered risk scoring, automated digital onboarding, predictive analytics, and fraud detection to financial institutions such as banks, factoring companies, investment funds, and insurance companies. The platform is delivered as SaaS through a Widget Engine (no-code dashboards) and API Connect for developer integration, enabling clients to operate as full fintechs in under 48 hours.
Is Fapro a public or private company?
Fapro is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fapro founded?
Fapro was founded in 2019. It employs 11 to 50 people.
Where is Fapro based?
Fapro is headquartered in Santiago, Chile, in the Latin America region.
How does Fapro make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are API Usage and Data Access.
Who are Fapro's main competitors?
Direct peers on record are Belvo, Plaid, Destácame, Truelayer and Tink (Visa). Broad incumbents are CRIF, Equifax, Experian and Moody's / Bureau van Dijk. Pomelo is listed as an emerging player.
Does Fapro have an API?
Yes. Fapro offers API connectivity through its API Connect feature, enabling integration with multiple data sources and allowing financial institutions to access, process, and utilize financial, legal, and tributury information. The API provides rapid data transmission with secure information exchange. Documentation is available at docs.fapro.app. Developer documentation is at docs.fapro.app.
What industry is Fapro in?
Fapro's product category is Open Finance / Financial Risk Analytics Software. Its primary akta.pro industry code is FSAGAHAE, Pricing, Risk-Based Offer & Limit Management, with a secondary code of FSAGALAK, Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes). Its NAICS code is 513210 and its SIC code is 7373.