Colombian fintech startup Loto has successfully raised $1 million in a pre-seed funding round, attracting investment from Fen Ventures, Crestone VC, QAPU Ventures, and Desygn Capital. Established in May 2026 by Daniel Camacho and Pedro Ignacio Morales, Loto provides a platform for SMEs that integrates debit and credit cards with accounting software. This innovative tool streamlines expense reporting, offers real-time financial insights, and mitigates fraud risks. Additionally, Loto issues corporate incentive cards powered by Visa to facilitate employee benefits. The newly acquired funds will be utilized to enhance Loto’s operations in Colombia, with a goal to serve 500 clients by the end of 2025 and to prepare for expansion into a second market in 2026. Currently, Loto caters to over 100 clients, including notable names such as Amarilo, Stilotex, Creditop, and KTM Powershop.
Did Loto secure a $1M pre-seed funding round?
