Finsocial Reached Over $363 Billion in Originations During 2022

Credit company Finsocial said it has more than 36,000 clients and 29 branches nationwide, and in 2022 reached $363 billion in originations.

In 2022, the fintech company celebrated ten years of operations in Colombia. In addition, Finsocial reached the first place in the list ‘The Best Places to Work 2022’, by Great Place to Work Colombia, in the category between 301 and 1,500 employees.

Last year it also made it to the select list Best Workplaces in Latin America 2022 and also achieved the second best place to work for women in the country, according to the same consulting firm, recognizing the decisive role of female staff in building efficient, profitable, and sustainable work environments.

Finsocial’s workforce is made up of 65% women, who hold 55% of senior management positions. This demonstrates the efforts of this organization to support gender equity, breaking down barriers of inequality so that women workers can achieve both their professional and personal fulfillment.

On the other hand, Finsocial received last October the Carbon Neutral certification from Bureau Veritas, becoming the first fintech in Latin America to obtain this seal that accredits it as a sustainable company.

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In addition, Fitch Ratings reaffirmed its national long and short-term ratings at ‘A+(col)’ and ‘F1(col)’

With this ratification, the company obtained a valuable endorsement in the midst of a period beset by a global economic crisis. The report highlights that “Finsocial’s relevance within the non-regulated entities, focused on the originations segment, has increased thanks to its double-digit growth in recent years.” In addition, it indicates that the credit risk of the portfolio segment it serves is low, “supported by controls that limit exposure to credit impairment”.

“During the past year, we have achieved important milestones for our organization that allow us to continue promoting development for the country through this great family called Finsocial. At the moment, we want more companies to join us in transforming the world through companies that generate value, have a positive impact on their environment, and provide growth opportunities for their customers, employees, and the communities around them,” said Santiago Botero, CEO, and founder of Finsocial.

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(Featured image by Towfiqu barbhuiya via Unsplash)

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