Deals
SoftBank-Backed Greensill Buys Colombia Fintech to Grow in LatAm
- London-based firm acquires Omni Latam in all-stock transaction
- Expansion plans include Brazil, Mexico, Colombia and Chile
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Greensill Capital, a firm backed by SoftBank Group Corp. that helps businesses fund their operations, is acquiring Colombia-based Omni Latam to speed up growth in Latin America.
The closely held fintech companies didn’t disclose a price for the all-stock deal, which is aimed at helping London-based Greensill expand into Latin America, including Brazil and Mexico, according to Greensill. Omni provides working capital to small and midsize businesses in Colombia and Chile, and Greensill offers supply-chain finance globally, making loans companies use to pay their suppliers.