Finterra

What Finterra does

Finterra Servicios Financieros S.A. is a privately held Chilean fintech founded in 2013 that provides digital invoice factoring to small and medium-sized enterprises (SMEs) in Chile. The company's core product is a fully digital, end-to-end factoring platform that allows suppliers to enroll online, upload invoices, receive competitive rate offers from company executives, and obtain same-day liquidity, with funds transferred in minutes via automated verification against Chile's Servicio de Impuestos Internos (SII) tax authority and electronic invoice assignment. The platform is delivered as three role-based portals — a Client Portal (app.finterra.cl) for invoice sellers, a Supplier Portal (proveedor.finterra.cl) for onboarding and role management, and a Payer Portal for invoice status inquiries — built on Fyntex TI SpA's SaaS infrastructure and hosted on AWS.

Finterra monetizes through transaction fees on factored invoices, with rates personalized per operation rather than publicly disclosed, and offers preferential pricing for SMEs demonstrating ESG/sustainability practices. The company maintains a horizontal go-to-market spanning construction, technology, services, food, transport, mining, and health, while running a dedicated vertical for suppliers to Chile's public procurement system (Mercado Público via ChileCompra) — reporting US$1 billion+ in transacted volume in 2024 across 720+ SME suppliers and 120+ active government buyers.

The business model combines direct self-serve onboarding with executive-assisted sales (notably WhatsApp-driven inside sales), supported by a B Corp certification obtained in 2021 that underpins its positioning as a sustainable fintech and its access to ESG-focused investment-fund capital. Differentiated value-adds beyond financing include free commercial credit reports via Cobranza Online, access to the RedNegocios supplier network through the Cámara de Comercio de Santiago, and training programs for selling to government buyers. The company employs 11-50 staff, is headquartered in Las Condes, Santiago, and is led by co-founder Joaquín Manterola Gana as CEO.

Name

Finterra

Legal name

Finterra Servicios Financieros S.A

Website

https://finterra.cl

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

Finterra is a Chilean fintech founded in 2013 that provides fully digital invoice factoring to SMEs, offering same-day liquidity through an SII-integrated platform spanning both private-sector and Mercado Público government procurement suppliers.

Ownership category

akta.pro rank

Product category

SME Invoice Factoring

NAICS

Credit Intermediation and Related Activities (522)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)

akta.pro secondary industry

Payouts, Disbursements & Mass Payments Infrastructure (FSAGABAN)

Keywords

• Invoice factoring services
• SME financing
• Digital factoring platform
• Public procurement factoring
• Wholesale factoring

Headquarters

HQ city

Las Condes

HQ country

Chile

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Factoring fees: Finterra charges a transparent rate (tasa) for advancing invoice payments. The creditor cedes the invoice right to a financial institution, which pays in advance minus a fee. The process is fast, with same-day transfers upon approval.
2. Wholesale Factoring: Operation where a financial institution sells a portfolio of invoices to another financial institution, with Finterra facilitating the transaction.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Finterra provides digital invoice factoring services to small and medium-sized enterprises (SMEs) in Chile, enabling them to receive immediate liquidity by advancing payment on invoices issued to private or public sector buyers. The service is delivered through a fully digital SaaS platform that automates enrollment, invoice upload, SII verification, and fund transfer, with same-day settlement. Specialized offerings include Mercado Público (government procurement) factoring and wholesale factoring (Factoring Mayorista) for financial institutions.

Product overview

Finterra is a Chilean fintech offering a suite of factoring and financing services for SMEs, delivered through a SaaS platform built on Fyntex TI SpA's technology infrastructure. The product portfolio centers on three portals: (1) the Client Portal (APP.FINTERRA.CL), where invoice sellers enroll, upload invoices, and receive immediate liquidity; (2) the Supplier Portal (proveedor.finterra.cl), used by both invoice sellers and financial institutions to request, offer, and coordinate factoring and wholesale factoring operations with role-based access; and (3) the Payer Portal (Estado de Factura), which enables debtors to check invoice payment status. The platform covers two main market segments — private-sector suppliers and public-market suppliers (Mercado Público) — and supports both standard factoring and wholesale factoring (Factoring Mayorista) operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Factoring (Invoice Factoring) A digital factoring service for Chilean SMEs that enables them to receive immediate liquidity by advancing payment on outstanding invoices issued to private or public sector buyers. The creditor cedes the invoice right to a financial institution, which pays in advance minus a transparent fee, with same-day transfers upon approval. Delivered via the Finterra SaaS platform with automated SII verification and digital signing.
• Factoring Mayorista (Wholesale Factoring) An operation in which a financial institution sells a portfolio of invoices to another financial institution, with Finterra facilitating the transaction. The supplier portal (proveedor.finterra.cl) supports coordination between invoice sellers and financial institutions for these wholesale operations.
• Factoring Mercado Público (Government Procurement Factoring) A specialized factoring service for SMEs that supply goods or services to Chilean government entities through the ChileCompra / Mercado Público procurement system. Addresses delayed government payments by providing immediate liquidity, with executive-assisted sales support and dedicated training programs for selling to the State.

Quantifiable outcome

• Invoice financing approved and funds transferred same day
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Cámara de Comercio de Santiago (CCS)coreStrategic or Co-development PartnerFinterra provides access to the RedNegocios platform of the Cámara de Comercio de Santiago, enabling suppliers to connect with buyers across the country and expand their business networks.
• Cobranza OnlinecoreStrategic or Co-development PartnerPartnership provides Finterra customers with free commercial reports (informes comerciales), helping SMEs assess the creditworthiness of their buyers and make informed factoring decisions.
• Tero TechnologiescoreStrategic or Co-development PartnerFinterra partnered with Tero Technologies to develop a mobile application that helps SMEs identify, measure, and communicate their ESG (environmental, social, governance) practices. The tool aims to democratize sustainability management for small businesses.
• Fyntex TI SpAcoreTechnology or IntegrationFinterra's financing platform operates on Fyntex TI SpA's technology platform. Fyntex provides the underlying software infrastructure (SaaS model) that powers the Finterra portal at app.finterra.cl.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Konfío: Mexican fintech providing working capital and credit to SMEs, including invoice-backed financing. Comparable to Finterra as a digital-first SME credit platform, though focused on Mexico rather than Chile.
• Clara: Mexico/LatAm B2B fintech offering corporate cards, payments, and working capital solutions to businesses. Operates a similar model of providing fast, digital liquidity to companies and serves as a direct comparable on B2B embedded finance.
• Tribal: Mexico-based B2B payments and credit fintech serving SMEs and startups with working capital products. Comparable to Finterra's SME financing focus, though operating in Mexico rather than Chile.

Broad incumbents

• BancoEstado (Microempresas y factoring): Chilean state-owned commercial bank offering factoring and SME financing as part of a much broader portfolio. A direct competitor to Finterra in Chilean SME and Mercado Público factoring, but with significantly larger scale and balance sheet.
• Grupo Security (Factoring Security): Major Chilean financial group with a dedicated factoring subsidiary (Factoring Security) and full corporate banking capabilities. Competes with Finterra in Chilean invoice discounting across SME and corporate segments.
• BCI (Banco de Crédito e Inversiones): Large Chilean universal bank offering factoring, leasing, and SME credit lines. A broad incumbent competitor to Finterra's SME and Mercado Público factoring business, with deeper funding access and broader product suite.

Emerging players

• Tenpo: Chilean digital account/fintech offering payments, transfers, and consumer credit. Operates in the same Chilean fintech ecosystem as Finterra and could extend into SME credit or factoring over time, making it an emerging adjacent competitor.
• Mach: Chilean fintech-backed digital account and payments platform. Competes for the same SME financial-services wallet in Chile and represents an emerging player that could expand into SME lending or factoring.
• Global66: Chilean-founded cross-border payments fintech serving SMEs and consumers across Latin America. Operates in the same Chilean fintech ecosystem as Finterra and increasingly serves SMEs with FX and treasury products that could overlap with Finterra's offerings.

Others

• Mercado Pago: LatAm payments and credit platform affiliated with Mercado Libre, with growing presence in Chile. While primarily consumer/SMB payments, its growing credit and merchant-financing products place it as an adjacent ecosystem participant that could pressure Finterra's SME client base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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 Finterra