The Facility will finance portfolio growth and complement existing banking facilities.
BOGOTA, March 21, 2022 – Omni, a data-driven fintech company focused on providing small and medium enterprises with working capital in Colombia and Chile, recently closed a $100-million-dollar debt facility with Gramercy Funds Management LLC (“Gramercy”), a U.S.-based firm, to expand its operations in Colombia.
“We have had an incredible year at Omni! 2021 was a year to remember as we scaled our lending operations threefold and are ready to grow even more in 2022. We are excited for Gramercy to join us in a long-term partnership that will ultimately translate into supporting more businesses as they recover and accelerate their growth in Colombia,” said Diego Caicedo, CEO & Cofounder of Omni.
”We are delighted to support Omni as it continues to establish itself as one of the leading fintechs in the region. Omni’s technology stack is matched by its underwriting capabilities, and we are excited to continue growing with Omni through other innovative financing facilities in its regional expansion,” said Gustavo Ferraro, Co-Head of Capital Solutions at Gramercy.
The news is another milestone for Omni during 2021, a year in which the company grew its team, expanded its portfolio and product offering, established new funding relationships and launched an exclusive SCF program with one of the largest energy companies in the world and a market leader in Latam. In addition, Omni disbursed over USD 300 million during 2021 to over 1,500 companies.
INVERLINK acted as exclusive financial advisor to Omni, together with Latham Watkins LLP and Cuatrecasas as joint legal counsel. Simpson Thacher & Bartlett LLP and Brigard & Urrutia represented Gramercy.
About Omni
Omni provides data-driven working capital financing solutions for large buyers, middle market companies and small and medium enterprises. The company leverages transactional data and utilizes machine learning to underwrite loans and connect to large corporate networks, creating an ecosystem of buyers, suppliers, and funders to provide an array of products and services to clients and potential investors.
About Gramercy
Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, Pan-Africa, Brazil, and Colombia. The $5 billion firm, founded in 1998, seeks to provide investors with attractive risk-adjusted returns through a comprehensive approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. Gramercy’s mission is to positively impact the well-being of our clients, portfolio investments and team members. Gramercy is a Registered Investment Adviser with the SEC and a Signatory of the Principles for Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with the FCA.