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Home Finance

London’s Greensill Acquires Omni for Growth in LatAm

The Global Economics by The Global Economics
June 19, 2020
in Finance, Top Stories
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View of the Latin Quarter and Montparnasse

View of the Latin Quarter and Montparnasse

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Greensill Capital acquires Columbia-based Omni LatAm in a landmark deal, aiming at accelerating growth in Latin America.

Greensill is a leading provider of alternative supply chain finance and though the price for the deal was not disclosed, but it will help the London-based company firm its root in the Latin America region, including Mexico and Brazil.

In a statement, the CEO of Greensill Capital, Lex Greensill says that the firm hopes that the acquisition of Omni Latam will be a “step change” in its services in Latin America since the market for working class finance in the region is worth $750 billion with an attractive market growth. In 2019, the firm provided $143 billion worth of financial services to over 8 million customers.

Founded in 2018 by Fintech innovators Diego Caicedo and Andres Abumohor, Omni has provided over $300 million in the working-class products for SMEs that supply big companies in Columbia and Chile.

As per the World Data Bank, Latin America accounts for over 20% of the global unbanked market through its small-and-medium enterprises.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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