About
The rails of Chile’s invoice-finance market.
We are the rails that carry quality deals to funds. We read every invoice at its source and take it to whoever makes the decision.
- SII and TGRWhere the invoice is born
- FaproReads, organizes and connects
- Factoring companiesEvaluate and assign
- FundsProvide the capital
Why we exist
Credit was decided on self-reported data.
Factoring companies and funds evaluated deals with folders supplied by the client and spreadsheets emailed back and forth. We bring the invoice from its source, so each of them can decide with its own criteria.
- 01
We read the source
Every invoice, exactly as it was recorded in the SII, Chile’s tax authority, and the Chilean Treasury (TGR).
- 02
You decide
Factoring companies and funds look at the same data and apply their own policy.
- 03
It reaches the fund
The fund evaluates the deal and Fapro re-assigns the invoices from the factoring company’s account.
Fapro does not put up capital or finance businesses. The capital comes from the funds.
- +90,000
- companies with their tax information
- 7 years
- connected to the SII
- 5 funds
- in the Smart Funding network
- ISO 27001
- certified by DNV
Our story
7 years reading the invoice at its source.
We started with tax information. Today we also connect factoring companies and funds.
- 2019
We connected to the SII
We started in Chile by reading companies’ tax information at its source.
- 2021
- March
We joined Start-Up Chile
We began Start-Up Chile’s Ignite program.
- December
Gazelle Company 2021
ArchGroup named us a 2021 Gazelle Company in Latin America.
- March
- 2022
- January
Selected for Start-Up Chile Growth
We joined the Growth 3 cohort of Start-Up Chile.
- December
Fintech Meetup 2022
We brought together clients, users and partners to close the year.
- January
- 2023
We started our path to ISO 27001
We implemented an information security management system.
- December
We announced our entry into Peru
We announced our plan to enter the Peruvian market.
- 2024
- March
ISO 27001 certified by DNV
DNV certified how we protect our clients’ information.
- May
Platinum award at Fintech Americas 2024
Recognized as Financial Innovators in the Analytics and Data category, in Miami.
- September
We launched Onboarding
Business enrollment with official-source documents.
- March
- 2025
- April
Part of Scale Up by Endeavor
We were selected for the second cohort of Endeavor Chile’s program.
- April
- 2026
- July
We launched Smart Funding
We launched the portal that connects factoring companies and funds.
- August
First assignments from the platform
The first factoring companies re-assigned invoices to funds from the platform.
- September
Automatic upload to the Bolsa de Productos
Invoices that the factoring company re-assigns to the Bolsa de Productos de Chile (BPC), Chile’s commodities exchange, are uploaded from the platform.
- July
Leadership
Who leads Fapro
Behind Fapro there is a business, product and technology team. These are the people who lead it.
Values
How we work
Four ideas that guide how we decide and how we build Fapro.
- 01
Agile impact
We move fast and with purpose, and we prioritize what creates impact.
- 02
We make things happen
We own every task and its outcome, all the way to the end.
- 03
Focus on results
We anticipate: we understand the root of the problem and take action.
- 04
Autonomy
We decide with the information we need, without asking for approval at every step.
Security and assurance
ISO/IEC 27001:2022 · certified by DNV.
Your SII credentials, under mandate: read-only, encrypted and revocable.
Book a free demo.
In 30 minutes we show you Fapro with your own portfolio.