Fintual Administradora General de Fondos SA

Fintual Administradora General de Fondos SA is a Chilean asset management company specializing in simplifying investment processes for individual investors, offering a range of mutual funds and financial management solutions through an intuitive app. Founded in 2018 in Chile, Fintual Administradora General de Fondos SA focuses on providing investment solutions. The company has conducted a total of 3 deals, with its most recent funding round being a SERIES B in November 2021, where it raised USD 39. 00 mn led by Sequoia Capital, with other investors including Hi Ventures and Kaszek Ventures.

The founders include Agustin Feuerhake, Jirawit Laowsirithawron, and Omar Larré, with CEO Pedro Pineda at the helm. Fintual offers a variety of investment solutions aimed at making the investment process simpler for clients managing their savings. Their main products include mutual funds that cater to different risk profiles, investing in a diversified portfolio of assets like ETFs and national fixed-income funds. The user-friendly app enables clients to monitor their investments and manage financial goals in real-time, with a focus on individual investors in Chile, and plans to expand to international markets such as Mexico and the United States.

In the most recent year, 2023, Fintual reported a revenue of USD 5,450,544. 80 and an EBITDA of USD -1,706,408. 30. The company derives its revenue primarily from management fees on mutual funds, charging annual fees of up to 1.

19% on invested assets, with a subscription-based pricing model for clients. Fintual plans to utilize the USD 39. 00 mn raised in its SERIES B funding to expand its geographic presence. The company is working on new investment products and aims to penetrate international markets, specifically targeting Mexico and the United States by the end of 2023.