FaaST
- Company typePrivate
- Founded2019
- HeadquartersSantiago, Chile
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What FaaST does
FaaST (operating as FaaST.app) is a Chilean fintech founded in 2019 that sells a 100% SaaS, API-first CORE platform purpose-built for Factoring, Ordering, and Confirming (FOC) operations in Latin America. The platform unifies the three workflows onto a single shared-data architecture, providing real-time portfolio visualization, automated DTE (digital tax document) verification, and parametric business rules. It integrates natively with each country's tax authority — SII in Chile, SUNAT in Peru, DIAN in Colombia — as well as with banks and credit bureaus, and is aligned with Ley Fintech, the local financial regulators (CMF, SBS, Supersociedades), and ISO 27001.
The company sells to three enterprise buyer profiles: pure-play factoring companies, financial institutions expanding into FOC, and corporate groups managing internal financial lines. Its commercial motion is consultative enterprise sales with an Outlook-integrated demo-booking workflow. Pricing is quote-based and not publicly disclosed. The platform is credited with facilitating over US$2 billion in financing and supporting more than 7,000 SMEs and 10,000 paying companies; as of late 2025 it has 15 clients in Chile and 3 in Peru, with Colombia expansion announced. It has been publicly recognized by the IFC (World Bank) as the only agile and modern Latin American CORE for integral factoring automation.
FaaST is private, headquartered in Santiago, Chile, with a team of 11–50 employees and no disclosed funding, revenue, or leadership data. Growth signals include the Colombia launch and the broadening of modules beyond Factoring into Ordering and Confirming, though customer concentration remains high given the small enterprise base.
FaaST firmographics
Firmographics- Name
- FaaST
- Legal name
- FaaST
- Website
- https://faast.cl
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
FaaST industry classification
Industry- Product category
- Trade Finance and Factoring Software
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- akta.pro primary industry
- Loan Servicing Platforms (Billing, Statements, Customer Self-Service) (FSAGAHAH)
Keywords
Where FaaST is headquartered
LocationHeadquarters
- HQ city
- Santiago
- HQ country
- Chile
- HQ region
- Latin America
Offices3 records
Markets served
FaaST business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- SaaS Subscription: Core SaaS platform subscription for Factoring, Ordering, and Confirming operations. The platform operates as a 100% SaaS solution with modular capabilities for different financial document types.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
FaaST product offering
Product offeringCore offering
FaaST provides a SaaS platform called CORE that enables factoring companies, financial institutions, and corporate groups to execute and manage factoring, ordering, and confirming operations across Latin America. The platform supports the full lifecycle of these trade finance operations and is currently deployed in Chile and Peru, with Colombia expansion underway, serving 18 clients and having facilitated over US$2 billion in financing.
Product overview
FaaST.app is a unified fintech platform for Factoring, Ordering, and Confirming operations in Latin America. The platform architecture consists of a single CORE platform (FaaST.app CORE) with three interconnected modules: Factoring, Ordering, and Confirming. These modules share a unified database and provide a 360° real-time view of operations. The platform is 100% SaaS and API-driven, enabling automation of workflows, parametric business rules, and integration with banks, credit bureaus, and tax authorities (SII, SUNAT, DIAN) across Chile, Peru, and Colombia.
Differentiator
Problem solved
Functional benefit
Products and services
- CORE Platform A multi-country SaaS platform that supports the full lifecycle of factoring, ordering, and confirming operations for factoring companies, banks, and corporate groups operating in Latin America. The platform is currently deployed in Chile and Peru, with Colombia expansion underway, and is used by 18 active clients that have collectively processed more than US$2 billion in financing.
Quantifiable outcome
- 30% reduction in operational time
- +4 more outcomes
Companies that use FaaST
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles1 record
FaaST technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability2 records
Feature5 records
FaaST partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and flagship.
- SII (Chile)coreNative API integration with Chile's tax authority for automated document verification and compliance with Chilean tax regulations
- SUNAT (Peru)coreNative API integration with Peru's tax authority for automated document verification and compliance with Peruvian tax regulations
- DIAN (Colombia)coreNative API integration with Colombia's tax authority for automated document verification and compliance with Colombian tax regulations
- BankscoreAPI integrations with banks for payment processing, fund transfers, and financial operations within the factoring workflow
- Credit Bureaus (Buroes de Riesgo)coreAPI integrations with credit bureaus for risk assessment, credit scoring, and fraud prevention in factoring operations
- IFC (International Finance Corporation)flagshipRecognized by IFC (World Bank) as the only agile and modern Latin American Core for factoring, validating the platform's ability to digitize and automate integral factoring processes as a catalyst for operational efficiency in the regional financial ecosystem
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
FaaST competitors and assessment
Company assessmentBroad incumbents
- Temenos: Global provider of core banking and financial-services software to banks and fintechs. Comparable as an incumbent offering overlapping functionality around lending, operations, and compliance for regulated financial institutions.
- nCino: Cloud banking platform for commercial, retail, and mortgage lending globally. Comparable as a SaaS core system for lending and financial workflows, though broader in scope than FaaST's factoring/ordering/confirming focus.
- Finastra: Large financial-services software vendor covering lending, treasury, and core banking. Comparable as a broad-suite incumbent whose loan and trade-finance modules overlap with FaaST's factoring/ordering/confirming use cases.
Direct peers
- Mambu: Cloud-native core banking SaaS platform used by fintechs and financial institutions worldwide. Directly comparable to FaaST as a SaaS-based, API-driven core system serving digital lenders and embedded-finance use cases, including LATAM deployments.
- Pomelo: LATAM fintech-as-a-service platform providing issuing, banking, and credit infrastructure. Comparable as a regional B2B fintech-infrastructure SaaS targeting financial institutions and corporates, overlapping with FaaST's enterprise SaaS positioning in LATAM.
- Belvo: LATAM-focused open-finance API platform connecting applications to bank, tax, and identity data across the region. Comparable to FaaST's API-first integration model with SII/SUNAT/DIAN and bank/credit-bureau connections, although Belvo is horizontal rather than factoring-specific.
Regional players
- Konfío: Mexico-based fintech providing credit and banking-as-a-service to SMEs, including working-capital products analogous to factoring. Comparable as a LATAM fintech with a credit/lending focus, although primarily Mexican and vertically integrated rather than a pure B2B SaaS.
Emerging players
- Tribal: LATAM B2B fintech issuing credit cards and working-capital products to SMEs. Comparable as an emerging LATAM fintech targeting SME financing workflows, sharing an end-customer overlap with the SMEs financed on FaaST's platform.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
FaaST social profiles
Digital presenceFaaST compliance and trust
Trust signalCompliance5 records
FaaST financial estimates
Financial estimateRevenue estimate
Valuation estimate
FaaST leadership team
Management profileNumber of profiles
FaaST funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FaaST 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 FaaST
What does FaaST do?
FaaST provides a SaaS platform called CORE that enables factoring companies, financial institutions, and corporate groups to execute and manage factoring, ordering, and confirming operations across Latin America. The platform supports the full lifecycle of these trade finance operations and is currently deployed in Chile and Peru, with Colombia expansion underway, serving 18 clients and having facilitated over US$2 billion in financing.
Is FaaST a public or private company?
FaaST is a private company. It is classified as unknown and is currently operating.
When was FaaST founded?
FaaST was founded in 2019. It employs 11 to 50 people.
Where is FaaST based?
FaaST is headquartered in Santiago, Chile, in the Latin America region.
How does FaaST make money?
One revenue line is on record: saaS Subscription.
Who are FaaST's main competitors?
Broad incumbents on record are Temenos, nCino and Finastra. Direct peers are Mambu, Pomelo and Belvo. Konfío is listed as a regional player. Tribal is listed as an emerging player.
Does FaaST have an API?
Yes. FaaST.app is described as a "100% API" platform that enables integration with banks, credit bureaus (burós de riesgo), and tax authorities including SII (Chile), SUNAT (Perú), and DIAN (Colombia). The platform is designed for scalable operations without friction or lengthy development cycles.
What industry is FaaST in?
FaaST's product category is Trade Finance and Factoring Software. Its primary akta.pro industry code is FSAGAHAH, Loan Servicing Platforms (Billing, Statements, Customer Self-Service). Its NAICS code is 5182.