Klym: Empowering Colombian SMEs Through Innovative Financing Solutions

It’s no secret that small and medium-sized enterprises (SMEs) are the backbone of the Colombian economy and represent the majority of the country’s business community. Their contribution to national employment is also significant; various indicators indicate that they generate nearly 80% of jobs. However, despite their crucial role, they still face significant challenges in accessing credit.

According to a McKinsey study, 62% of SMEs in Colombia lack access to formal financing. In this context, Klym has established itself as a key solution for closing this gap in recent years. In the first quarter of 2025 alone, the company disbursed more than US$145 million, benefiting more than 900 companies in the country.

Klym Is Driving Economic Growth by Bridging the Credit Gap for Over 2,000 Small and Medium-Sized Enterprises in 2025

“We are in a process of evolution, from being a Fintech focused on factoring to becoming a much broader financing company,” said Juan Fernando Jaramillo, country manager of Klym, who added, “Our mission is to provide resources to the Colombian business ecosystem through products based on invoices or future flows, supported by our platform, which today is one of the most powerful technological tools on the market.”

This financial institution has consolidated a robust network of strategic alliances with more than 15 major national payers, including companies such as Enel, Corona, Colanta, Haceb, Familia, and Ramo, among others. Additionally, Klym has the support of top-tier financial institutions such as its Chilean parent company, Coval, an international fund, and some of the country’s leading banks, which strengthens its ability to offer tailored multi-funding solutions for SMEs.

Today, Klym’s diversified portfolio positions it as one of the largest financial solutions in the country, as it includes specialized products such as factoring, confirming, working capital, and an innovative supplier payment line specifically designed to help large payers meet their obligations throughout the value chain in a timely manner.

This broad range of solutions enabled Klym to achieve significant milestones in 2024: financing for more than 1,600 companies, negotiation of more than 145,000 invoices, and a concentration of 60% of its operations in the country’s main economic centers (Bogotá, Medellín, and Cali).

Likewise, the Klym’s executive points out that one of its goals is to achieve double-digit growth and capitalize on the investments made over the years.

“Our technological platform, human talent, product diversity, and everything we do every day are focused on strengthening our relationships with our customers, improving their experience, and increasingly reducing disbursement times, which today are largely less than 24 hours ,” Jaramillo emphasizes, adding that this year they expect to impact the growth of more than 2,000 Colombian MSMEs.

A recent OECD report reveals that nearly half of SMEs in Latin America and the Caribbean report lacking access to formal credit, underscoring the magnitude of the problem facing businesses in Colombia.

It is in this regional context that this company will continue to be a key player in the transformation of the Colombian financial ecosystem, providing access to liquidity, and ensuring the sustainability of these companies throughout the region.

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(Featured image by Random Institute via Unsplash)

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