Fintech
Invexor leads $1.5m capital raise in Chilean fintech BTrust •
Three other angel investors also participated in the financing. Founded in 2023, BTrust offers a real-time factoring auction platform, which allows SMEs to sell invoices directly to end buyers, reducing interest rates by 75% compared to traditional options.
Jorge Rodríguez, CEO and partner of Invexor, expressed enthusiasm for joining BTrust, highlighting its significant contribution to the national economy and SMEs. With this funding, BTrust aims to expand its operations and improve its artificial intelligence solution, which prevents invoice fraud by detecting and alerting on anomalous behavior.
BTrust currently processes $3.5 million per month, for a total of more than $30 million since its inception last year. The platform has several hundred SME users and processes invoices for 350 large companies.