PAG Law Represents Finmaq in Securing Landmark US$29 Million Funding Round

PAG Law is proud to announce its role as legal counsel to Finmaq, a trailblazing fintech company based in Bogotá, Colombia, in securing a transformative US$29 million funding round. This milestone funding was led by the impact investment fund Alive Ventures, with notable participation from 30N Ventures, Accial Capital, Iris Bank, and other key investors.

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The PAG Law team, led by partner Esteban Elias, with the assistance of associates Tony Bell and Felipe Saraiva, provided comprehensive legal counsel throughout the process, ensuring a seamless transaction. Their expertise was instrumental in navigating the complexities of cross-border financing, structuring agreements, and safeguarding Finmaq's innovative vision.

"We are delighted to have been a part of Finmaq's journey as it secures the resources necessary to expand its impact," said Esteban Elias, partner at PAG Law. "This funding marks a pivotal step for Finmaq, enabling it to bridge the credit gap for underserved MSMEs in Colombia and beyond. At PAG, we're proud to collaborate with visionary companies that drive meaningful change."

Founded in 2014 and restructured in 2019, Finmaq has revolutionized access to credit for micro and small businesses, offering innovative financing solutions for productive machinery. With an active loan portfolio of US$17 million and more than US$30 million in total disbursements, Finmaq has empowered over 550 clients, with a focus on businesses traditionally excluded from the financial system.

PAG Law's involvement in this landmark funding underscores the firm's commitment to empowering innovative companies in Latin America through tailored legal solutions. This transaction further highlights PAG's expertise in venture capital, debt financing, and its leadership in cross-border legal services.

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About PAG Law

PAG Law is a boutique international law firm specializing in cross-border transactions, with a strong presence in Latin America. Known for its exceptional service, agility, and diverse expertise, PAG Law offers innovative solutions across venture capital, private equity, M&A, and more.