Lentesplus.com, the leading e-commerce platform for contact lenses in Latin America, receives funding from IGNIA, InQlab and Stella Maris Partners to continue its regional expansion

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Mexico City, July 17, 2017 – Lentesplus.com (www.lentesplus.com), a company that offers the most convenient option to buy contact lenses, today announced the completion of its Series B round. This new round of financing was led by IGNIA and includes follow-ons from existing investors Stella Maris Partners and InQlab, as well as from angel investors.

In a market where customers are traditionally required to physically go to an optical shop, paying prices as much as three times higher than in the US and facing limited inventory and availability, the Lentesplus.com platform allows customers to purchase contact lenses online simply, efficiently and more economically.

Headquartered in Bogotá, the company is present in Mexico, Colombia and Chile, and plans to continue growing in these markets. The company’s streamlined process allows for short delivery times (same day delivery in major cities) and seamless customer service, while offering competitive prices and a complete product offering. In a country like Mexico, where 43% of the population suffers from some form of visual problem and requires eye care services, Lentesplus.com is bringing an innovative and highly convenient alternative to the traditional market.

“Lentesplus.com is uniquely positioned to lead the contact lenses market in Latin America. Its innovative and strong value proposition to the customer will allow the company to continue its rapid expansion into Mexico. We are excited to partner with its highly qualified team and look forward to supporting their growth”, said Álvaro Rodríguez Arregui, Co-Founder and Managing Partner at IGNIA.

“We are very excited to participate in this new round of Lentesplus.com, and are honored to have IGNIA join the original investors’ group. This investment reinforces our positive view on the project and on the strong management team led by Diego and Jaime. We have a lot of confidence on the long term value of Lentesplus.com and truly believe the company has the knowledge and expertise to consolidate its position as the leading player in the visual health sector in Latam”, said Armando Badillo, Managing Partner at Stella Maris Partners.

“We are very excited and grateful to bring IGNIA on board and help us boost our growth in Mexico, Colombia and Chile, as well as reinforce our international expansion”, said Jaime Oriol, Co-Founder of Lentesplus.com.

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Afluenta incorporates the Mexican investment fund IGNIA to its prestigious list of shareholders

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IGNIA´s investment in Afluenta will

allow the company to continue its consolidation in the local and regional market and is a result of the positive impact the company has had on the finances of individuals in the popular sector.

 

Mexico City, July 13th, 2017. Afluenta (www.afluenta.com), the leading Latin America marketplace lending network, announced that the Mexican venture capital fund IGNIA will be joining its shareholder group that includes the International Finance Corporation (IFC), the World Bank’s institution for the private sector, and Elevar Equity, an American social impact investment fund. IGNIA is a venture capital fund specializing in investments in companies with high growth potential, whose services meet the needs of the emerging middle class.

 

This investment seeks to promote the company´s growth. Afluenta boosted its expansion thanks to the investment support of IFC and Elevar Equity, and is the first and only maketplace network in Latin America with offices in Argentina, Peru and Mexico. Now, with IGNIA joining the company, growth is expected not only in Mexico but in the rest of Latin America.

 

In Mexico, where local credit to the private sector is below 35% of GDP, compared to 68% in Brazil, Afluenta aims to revolutionize the market with its human approach to credit and investment. “We see wonderful growth opportunity for Afluenta in Mexico. The availability of funding sources and investment options need to be increased, and we believe that Afluenta offers the best solution with its collaborative lending platform. We are excited to partner with its extremely talented and strong team,” said Álvaro Rodríguez, co-founder and Managing Partner of IGNIA.

 

Afluenta connects borrowers with investors who can be individuals or companies, excluding intermediaries such as the traditional financial institutions. Its technology allows investors to receive competitive returns from their contributions in a simple, fast and efficient manner, while borrowers obtain faster loans, with no bureaucracy, and at a lower interest rate than in a bank.

 

“We have always been concerned about financial inclusion. This is the reason why we started Afluenta. The support we now receive from IGNIA, an investment fund aimed at investing in companies focused on the growing Mexican middle class, means that we are actually going in the right direction, to make money flow again among people,” stated Alejandro Cosentino, CEO and founder of Afluenta.

 

The Afluenta community in Latin America includes more than 650,000 people and has provided loans for about USD 25,000,000 through more than 1,500,000 transactions, which makes it the largest medium-term collaborative lending platform for individuals in the region.

 

 

About Afluenta

Afluenta (www.afluenta.com) is a Latin American financial technology company that specializes in crowdfunding, with the mission to promote a simple, safe and transparent financial culture. It develops innovative financial products that help people manage their finances simply and effectively. Afluenta seeks to become a strong investment alternative for investors and the best financing source for solvent borrowers. It is backed by private investors and was created by NXTP Labs, which is part of Global Accelerator Network (GAN).

 

About IGNIA

IGNIA (http://www.ignia.mx) is a venture capital fund that invests in high growth companies aimed at the emerging middle class in Mexico. Founded in 2007, IGNIA has two funds with assets which amount to USD 200 million and are managed by said company. IGNIA invests in sectors such as health, FinTech, financial services, education and basic services.

 

About IFC

IFC (http://www.ifc.org), a member of the World Bank Group, is the leading international development institution dedicated exclusively to the private sector in emerging markets. In collaboration with more than 2,000 companies worldwide, IFC uses its capital, expertise and influence to create opportunities where they are needed the most. In fiscal year 2015, long-term investments of IFC in developing countries increased to nearly USD 18,000 million and allowed the private sector to play a key role in global efforts to end extreme poverty and promote shared prosperity.

 

About Elevar Equity

Elevar Equity (www.elevarequity.com) is an avant-garde venture capital fund focused on investing in companies with high growth potential and aimed at providing services to traditionally underserved communities. Elevar has invested in companies in Asia and Latin America that have served more than 18 million customers and have transacted more than USD 7 billion in capital and debt for the benefit of said communities. With offices in India, Colombia and the United States, Elevar participates in initial stages as the founding partner or the first institutional capital of companies with strong presence in sectors such as financial services, FinTech, education, health and housing.

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