Leasy, a Peruvian specialty finance startup, secured $28 million in Series A funding in a round led by Magma Partners, alongside  Entangle Group, DeBa Ventures, Noa Capital, and Grupo CAPEM, as well as investors from the US, and Europe. The funding will help Leasy streamline its operations in Mexico and Peru. With plans to provide over 500 individual loans in Peru and monthly loans worth $1 to $1.5 million in Mexico, Leasy’s subscription-based model for ride-hailing drivers in Latin America saw significant growth in 2023, with loan placements and revenue doubling in Peru, all while maintaining profitability. 

Peruvian Fintech Leasy Raises $28M Series A