What Fundación Capital does

Fundación Capital is a private international development organization and innovation lab founded in 2009 in Bogotá, Colombia, that designs and implements programs targeting financial inclusion, digital inclusion, and poverty reduction for low-income populations in Latin America and Africa. Its core methodology is the "Graduation approach," a sequenced model for moving ultra-poor households toward economic stability, which the organization has codified into a portfolio of deployable digital products. The most established of these is Lista+ (launched 2015), a financial education and household-budgeting tool, alongside Con-Héctor (2019), a conversational application, and the more recent Transforma (2022) and RedNodus (2022) platforms, the latter built on distributed-ledger infrastructure to support portable digital identity for underserved users. The product suite also includes mobile applications branded Luka, CORA, and Kakuaa, and a climate-adaptation program called Biofincas. The organization reports reaching more than 7 million people across 14+ countries.

The organization operates on a nonprofit model: revenue is generated primarily through restricted and unrestricted grants from institutional funders, supplemented by partnership-based service delivery with multilateral agencies, private foundations, and corporate partners. Major funding and delivery relationships include the Ford Foundation, IDRC (Canada), the Mastercard Center for Inclusive Growth (via the Strive program in Colombia and Mexico), Skoll, Co-Impact, and USAID, alongside operational partnerships with UNHCR (Ser&Crecer in Paraguay), ARISE Mx in Mexico, and academic collaborators including Universidad de los Andes, McGill, and the IDB's GDLab. Impact evidence is generated through randomized controlled trials run jointly with Universidad de los Andes. The organization is led by founder, President, and CEO Yves Moury, with co-founder Robert Haudry de Soucy serving as Chief Climate Action Officer, Carolina Medina as Chief Innovation Officer, Franz Gomez-Soto as SVP, and Laura Morínigo as Deputy Director, and has been recognized with awards including the Skoll Award (2014), Ashoka Fellow (2017), Schwab Foundation Social Entrepreneur (2017), USAID Million Lives Club (2017), Katerva (2018), and the T Prize (2020).

Name

Fundación Capital

Legal name

Fundación Capital FundaK

Website

https://fundacioncapital.org

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Fundación Capital is a Colombia-based international development organization that builds digital products (Lista+, Con-Héctor, Transforma, RedNodus) to deliver its Graduation approach for financial inclusion, digital inclusion, and poverty reduction, serving low-income populations across 14+ countries in Latin America and Africa through institutional donor and partner funding.

Ownership category

akta.pro rank

Product category

International Development and Financial Inclusion Services

NAICS

Grantmaking and Giving Services (81321)

akta.pro primary industry

Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)

akta.pro secondary industry

Community Foundations (BPAGAKAB)

Keywords

• Financial inclusion services
• Digital inclusion platforms
• Poverty graduation programs
• Microenterprise support
• Economic citizenship

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Foundation/Donor Funding: As an international development organization, Fundación Capital operates primarily through funding from institutional donors and foundations including the Ford Foundation, IDRC Canada, Mastercard Center for Inclusive Growth, and government aid agencies.
2. Partnership Services: Services delivered through partnerships with governments, financial institutions, and development organizations. The organization provides technical assistance, digital solutions, and program implementation support.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Fundación Capital is a nonprofit foundation and innovation lab that designs and implements financial inclusion and economic citizenship programs for people living in poverty and vulnerability in Latin America and Africa. The organization delivers a Graduation-style methodology combined with proprietary digital platforms (Lista+, Con-Héctor, Transforma, RedNodus) that provide financial education, savings group management, and digital tools comparison for low-income populations, micro and small enterprises, governments, and financial institutions.

Product overview

Fundación Capital offers a portfolio of digital solutions for inclusive development and digital inclusion. The core product suite includes five named digital platforms: Lista+ (modular interactive training platform), Con-Héctor (personalized chatbot/virtual assistance), Transforma (digital platform for productive digitization), RedNodus (digital tools comparison and selection), and Luka (additional digital solution). These solutions are complemented by specialized mobile applications including CORA (violence prevention for women in Paraguay) and Kakuaa (savings group management). The Advanced Digital Services area develops and delivers these innovative and accessible digital products to build resilient communities and promote inclusive and sustainable societies, with a focus on user experience adaptation, cost efficiency, ethical data analysis, and implementation effectiveness.

Differentiator

Problem solved

Functional benefit

Brands

• Lista+: A modular interactive training platform that enables organizations, development agencies, and governments to take educational content to the next level, transforming habits and social norms while strengthening economic citizenship.
• Con-Héctor
• Transforma
• RedNodus
• CORA
• Kakuaa

Products and services

• Lista+ A digital training and financial education platform designed for low-income populations, micro and small enterprises, and program beneficiaries to build financial capabilities and economic citizenship skills. Listed as a Core Product on the organization's Products page.
• Con-Héctor A chatbot-based financial guidance and advisory tool designed to provide personalized financial support and information to low-income individuals and microenterprise owners. Listed as a Core Product on the organization's Products page.
• Transforma A digital platform that supports partner organizations, governments, and development agencies in transforming their financial inclusion and economic empowerment programs at scale. Listed as a Core Product on the organization's Products page.
• RedNodus A digital ecosystem comparison platform that allows users and partner institutions to compare and select appropriate digital financial tools and services from the broader ecosystem. Listed as a Core Product on the organization's Products page.
• Luka A digital solution categorized as a Core Product on the organization's Products page, supporting the foundation's financial inclusion and economic citizenship objectives.
• CORA
• Kakuaa
• Graduation Program

Quantifiable outcome

• 80,041 micro and small businesses connected through digital tools (Strive Colombia, exceeding 80,000 goal)
• +2 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Nine partnerships are on record, tiered flagship, core and minor.

• ARISE MxflagshipGTM or Marketing Partner · 1 January 2025Alliance in the Strive México initiative backed by Mastercard Center for Inclusive Growth. Combines the Caja de Resiliencia Empresarial platform with Transforma to provide complementary tools for micro and small businesses in Mexico. Includes cross-promotion, shared content, coordinated training, and joint outreach actions reaching through 2026.
• UNHCR (UN Refugee Agency)coreStrategic or Co-development Partner · 1 January 2021Partnership for the Ser&Crecer initiative supporting 40 refugee, asylum-seeking, and migrant families in Paraguay during COVID-19 pandemic. Designed a blended learning program combining virtual and in-person exchanges, business competitions with incentives, and financial inclusion through partnerships with financial institutions.
• Inter-American Development Bank (IDB) - GDLabcoreStrategic or Co-development PartnerResearch collaboration through GDLab supporting studies on gender norms affecting women entrepreneurs in Paraguay. Part of academic research initiative including McGill University and GRADE.
• McGill UniversitycoreStrategic or Co-development PartnerAcademic research partnership conducting behavioral studies on social norms and gender affecting women entrepreneurs in Paraguay. Co-authored studies published in academic journals.
• GRADE (Research Group for Development)coreStrategic or Co-development PartnerResearch partnership for studies on economic empowerment of women entrepreneurs, building on methodological foundations from research in Peru and Paraguay.
• Instituto de Estudios PeruanoscoreStrategic or Co-development PartnerResearch partner for Proyecto Capital, collaborating on financial inclusion initiatives across Latin American countries.
• Financial Institutions (Strive Colombia)coreChannel Partner/ Reseller/ Distributor66 alliances with public and private financial institutions for Strive Colombia program, enabling distribution of digital tools and financial products to micro and small enterprises.
• Universidad de los Andes (Colombia)coreStrategic or Co-development PartnerPartnership for the Evaluation and Learning Platform that conducts rigorous impact evaluations, including RCTs, of Graduation programs. Platform funded by Ford Foundation, IDRC Canada, and Fundación Capital.
• MicroMentorminorChannel Partner/ Reseller/ DistributorPartner platform providing personalized business mentoring for women-led businesses as part of Strive México initiative.

Scale indicators13 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• BRAC: One of the world's largest development NGOs operating Graduation-style programs and microfinance across multiple continents; significantly larger than Fundación Capital but works in the same intervention space with government partners.
• Mercy Corps: Large global humanitarian and development NGO with comparable microenterprise and financial inclusion programming, particularly in Latin America; competes for the same institutional donor pool and government contracts.

Direct peers

• Grameen Foundation: US-headquartered nonprofit that builds digital financial inclusion tools and programs for the poor; overlaps directly with Fundación Capital's Lista+/Transforma-style training and product-distribution model and similar funder base (Mastercard, Ford).
• Accion International: Global nonprofit focused on financial inclusion for underserved populations, including microenterprise support and partnerships with fintechs/financial institutions; directly comparable mission and partner ecosystem (e.g., Mastercard Center for Inclusive Growth).
• TechnoServe: Nonprofit that helps entrepreneurial men and women in the developing world build competitive farms, businesses, and industries; closely aligned with Fundación Capital's microenterprise digitization and Strive program model.

Emerging players

• CGAP (Consultative Group to Assist the Poor): Global partnership housed at the World Bank focused on advancing financial inclusion for poor people; relevant comparable for ecosystem-level work with governments and financial institutions to expand digital financial services.
• Innovations for Poverty Action (IPA): Research and policy nonprofit that conducts RCTs to evaluate poverty programs; comparable on the evidence-generation side that Fundación Capital pursues via Universidad de los Andes, and shares the same funder universe.
• J-PAL (Abdul Latif Jameel Poverty Action Lab): MIT-based research lab conducting RCTs on poverty alleviation; analogous to Fundación Capital's evidence partnership with Universidad de los Andes, and shares the donor ecosystem (e.g., USAID, Ford).
• BFA (Bankable Frontier Associates): Consulting and advisory firm focused on inclusive finance and digital financial services for low-income populations; comparable on the digital tools and partnerships-with-FI side of Fundación Capital's work.

Regional players

• Habitat for Humanity International: Large international NGO with extensive Latin America presence focused on economic inclusion and asset-building for low-income families; comparable in mission (poverty alleviation, economic citizenship) though more focused on housing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/fundacapital
• Facebookfacebook.com/fundacioncapital
• LinkedInlinkedin.com/company/fundacion-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Fundación Capital