GITP VenturesMYTIC

Colombian tech company receives major investment for loan platform

The Finaxion team

Colombian tech company receives major investment for loan platform

This is an excerpt from Colombia Reports. Read the full article here.

A tech company aiming to help connect people seeking personal loans with financial institutions has received a major investment, the company, MYTIC said Thursday. MYTIC, based in Colombia’s second largest city of Medellin, received an undisclosed investment from GITP Ventures, an international venture capital firm led by entrepreneur and investor Michael Puscar who invested in Colombia Reports earlier this year.

The flagship product of MYTIC is a financial software platform called Finaxion, which the company says is designed to connect people needing a loan with a financial institution.

“Banks want to lend more money,” said Juan Rafael Ospina, one of the principals of MYTIC. “Our application vets and connects consumers with banks so that they can make more loans without the obstacles that exist in the current process.”

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