FinMaq closes US$6.5M Series A led by Accion to scale SME equipment financing
FinMaq, a Colombian fintech that finances machinery and equipment for small and medium enterprises and independent workers, has closed a US$6.5 million Series A round led by Accion, the global nonprofit focused on financial inclusion. Spanish fund manager Mundi Ventures joined as a new investor, while ALIVE Ventures and 30N Ventures returned from the previous round.
The October 2026 close follows a January 2025 pre-Series A that brought in US$29 million in combined equity and debt, with ALIVE Ventures leading the equity tranche and Accial Capital and IRIS participating in debt.
FinMaq finances productive assets directly at the point of sale through partnerships with equipment distributors, using proprietary risk models and fully digital processes. The company serves food producers, manufacturers, construction equipment operators, clinics, rural veterinarians, freight carriers, and small-scale farmers with credit, lease-to-own arrangements, and post-sale solutions.
In Colombia, micro, small, and medium enterprises account for more than 99% of all companies and generate 79% of employment, yet approximately 40% lack access to credit for machinery purchases needed to expand. FinMaq was founded in 2014 by Diego Sanz de Santamaría, now CEO, and Diego Acero, both with investment banking backgrounds. Source The company underwent complete restructuring in 2019. Source
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How FinMaq's expansion could unlock hiring and productivity gains for Colombian small businesses
The new capital will fund a plan to more than double cumulative disbursements and add new clients among independent workers, entrepreneurs, and small businesses with limited banking access. The expansion includes entering new productive segments beyond the company's current portfolio, which balances rural and urban markets.
For employers tracking Colombia's growing SME financing ecosystem, the significance lies in documented productivity gains. A 60 Decibels survey found that 72% of clients accessed productive asset financing for the first time through FinMaq, 83% reported increased productivity after purchasing equipment, 86% saw improved business prospects, and 70% said their quality of life improved.
Equipment access correlates with business capacity and hiring potential. A bakery that finances an industrial oven or a construction contractor that acquires heavy machinery typically needs additional labor to operate at higher output levels. As FinMaq scales to additional clients, downstream employment effects could be substantial across urban manufacturing and rural production sectors.
John Fischer, chief investment officer at Accion, noted that productive assets such as industrial ovens, construction machinery, or delivery trucks can transform income generation capacity for small businesses, but many Colombians remain priced out by the lack of affordable credit.
For companies monitoring latest hiring trends across Latin America, the FinMaq model shows how fintech infrastructure can indirectly shape labor markets by enabling business owners to scale operations previously constrained by capital access rather than demand or skill availability.
Productive asset lending as a catalyst for SME growth and employment in Colombia
FinMaq addresses a structural gap in traditional banking: small-ticket financing for clients without formal credit histories, even when the loan finances an income-generating asset. The company partners with equipment distributors and embeds financing at the point of sale, using proprietary credit assessment models and digital workflows that do not rely on conventional banking records.
This model has particular relevance in a labor market where formal employment often depends on small and micro enterprise health. When a rural veterinarian finances diagnostic equipment or a logistics operator acquires a refrigerated truck, the business impact can translate into new jobs, extended operating hours, or the formalization of previously informal work arrangements.
CEO Diego Sanz de Santamaría described the Series A close as validation of the team's work and the opportunity ahead, emphasizing that the investor lineup provides an ideal foundation for the company's growth phase.
The timing coincides with broader institutional interest in productive credit for SMEs across Latin America. In August, Salvadoran fintech Ábaco closed US$53 million to scale its digital factoring platform, while Spanish firm Anzi Finance launched a US$25 million plan to expand credit guarantee infrastructure in the region. Source
For workforce strategists and employers operating in or hiring into Colombia, the expansion of productive asset financing represents a structural shift in how capital reaches the SME segment. As more small businesses gain access to equipment that increases output and efficiency, demand for skilled operators, technicians, and support staff is likely to rise. The timeline FinMaq has set offers a concrete window in which to observe whether improved credit access translates into measurable employment growth across the sectors the fintech serves.