Financial services provider Consorcio has partnered HCS Capital Partners and will invest $20m in Latin America-based fintech startups over the next five years.
Chile-based financial services firm Consorcio has launched a $20m corporate venture fund to invest in Latin America-based startups developing financial technology, BNamericas has reported.
Venture capital firm HCS Capital Partners will manage the fund, which is targeting investments in Chile, Colombia, Peru and Mexico, with a particular focus on insurance technology.
The vehicle has launched with an initial $20m to invest over the next five years, though Consorcio is looking to secure an additional $60m in limited partner commitments.
Consorcio…
