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Based in Santiago, Chile, Floid is an open finance platform that provides application programming interfaces and infrastructure for financial data access, identity verification, and payment initiation. The enterprise software company aggregates real-time information from banks, tax authorities, and public government sources to facilitate secure customer onboarding, credit assessments, and fraud prevention across the broader Latin American market. Operating locally in key regional hubs like Chile, Peru, Colombia, and Mexico, the platform currently serves a growing customer base of over 100 major companies within the banking, mortgage lending, insurance, and e-commerce sectors. The organization's financial backing comes from a diverse syndicate of venture capital and corporate investors, featuring recognizable names such as Experian Ventures, Santander Alternative Investments, Carao Ventures, and Amarena. Floid was officially founded during the year 2021 by co-founders Alfonso Maira and Tomás Contreras.
Floid has raised $2.0M across 1 funding round.
Floid has raised $2.0M in total across 1 funding round.
Floid has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Series U in August 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2024 | $2M Series U | — | Carao Ventures, Gain, Innogen Venture Capital | Announced |
Floid has raised $2.0M in total across 1 funding round.
Floid's investors include Carao Ventures, GAIN, Innogen Venture Capital.
Floid is a FinTech company founded in 2019 in Santiago, Chile, that provides an open banking platform enabling financial institutions to build applications, payment solutions, and risk engines via secure APIs. It connects consumers' bank accounts to organizations, offering risk evaluations, payment options, and transaction reconciliation on a single platform to promote financial inclusion—addressing the 2019 challenge where 50% of Latin Americans lacked access to digital financial services through traditional methods[1][2]. Floid serves financial companies, banks, and businesses across Latin America, solving problems like fraud-prone evaluations and slow onboarding by enabling immediate, comprehensive user assessments and payments to/from all banks in operating markets. With 24 employees, $2.8M in total seed funding (last round ~3 years ago), and 5.9K monthly website visitors, it shows steady but modest growth amid a -3.98% YoY headcount change[1][2].
Floid emerged in 2019 in Las Condes, Santiago Metropolitan Region, Chile, as a response to limited digital financial access in Latin America[1][2]. Its founders bring deep FinTech expertise: one with 8 years in fintech and lending at Creditú, Avla, and Siemens; another with 17 years leading tech teams at BCI Bank, Larraín Vial, and as co-founder of Lemonpot; and the third as exit founder/CEO of Instantor, a Swedish open banking company acquired by Tink[2]. The idea leveraged Open Finance as a tech alternative for inclusive assessments of individuals and businesses, evolving from data integration to a unified platform for assessments, payments, and reconciliations. Early traction built on secure APIs reducing fraud, with pivotal partnerships like Mastercard enhancing security, and client testimonials highlighting easy implementation for tailored financial products[2].
Floid rides the Open Finance and Banking wave in Latin America, where regulatory shifts and digital adoption are unlocking data for inclusive services amid high unbanked populations[2]. Timing aligns with post-2019 growth in regional FinTech, accelerated by pandemic-driven digitization, favoring platforms that integrate payments and risk tools to counter fraud in emerging markets[1][2]. Market forces like rising demand for real-time financial data and cross-border scalability work in its favor, positioning Floid to influence the ecosystem by enabling banks and lenders to serve underserved segments—much like European pioneers Tink and Instantor, whose exits validate the model[2]. As a Chile-based player, it contributes to LATAM's FinTech hub status, fostering competition and innovation in secure infrastructure.
Floid's trajectory points to expanded LATAM dominance and potential global partnerships, building on its Mastercard tie-up and Open Finance momentum to capture more payment volumes and risk assessment share. Trends like AI-driven fraud detection, embedded finance, and regulatory Open Banking mandates (e.g., in Brazil, Mexico) will shape its path, potentially accelerating growth beyond current modest metrics. Influence may evolve through acquisitions or further exits, mirroring founders' track record, as it scales secure infrastructure for the next wave of financial inclusion—transforming how millions access opportunities in a digital-first economy[1][2].
