Coval Servicios Financieros has announced its entry into the Colombian market through a strategic alliance with fintech Klym, aiming to provide financing access to over 1.5 million micro, small, and medium enterprises (SMEs). The company projects double-digit growth in annual financed volume by the end of 2025 compared to 2024. This initiative seeks to bolster the liquidity of SMEs, which make up 99.5% of the country's productive fabric.
Coval Servicios Financieros, a Chilean company with presence in Chile and Peru, has forged a strategic alliance with the Colombian fintech Klym to expand its operations in Colombia. Under the Klym by Coval brand, the partnership strengthens Klym's business model by incorporating services such as factoring, confirming, leasing, purchase order financing, and guaranteed loans.
Christian Tauber, General Manager of the Coval group, stated: "With this operation, the company seeks to expand credit placement for businesses of all sizes, especially micro, small, and medium ones, which represent 99.5% of the country's productive fabric." Tauber also emphasized Colombia's market potential: “The Colombian market has the size, business dynamics, and digital infrastructure necessary to foster growth in working capital solutions. Additionally, it has a broad base of SMEs that demand agile, technological financing alternatives backed by good service and advisory levels. Our bet is to invest our experience to achieve that acceleration and accompany companies in strengthening their liquidity and expansion capacity.”
In 2024, Klym reached more than 1,600 companies. In the first semester of 2025, Klym by Coval recorded disbursements exceeding US$300 million, benefiting over 1,000 businesses across Colombia. The alliance has already enabled $55 billion in disbursements in two months. Plans include expanding solutions in strategic sectors like manufacturing, commerce, services, logistics, and construction, projecting double-digit growth in annual financed volume by the end of 2025.