By: Katie Llanos Small
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When former investment banker Álvaro Echeverría launched a fintech startup in Chile, he was not expecting it to be quite so challenging. The Spaniard already knew the local market, having worked for Santiago-based e-commerce company Linio. Seeing the quickly growing opportunities that new technology was creating in the region, he jumped in.
He launched Facturedo in 2015, alongside co-founder Hector García. The factoring company tapped into an already established local market, took advantage of widespread electronic invoicing practices and worked from a cutting-edge technology platform.
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