The program is focused on the specific problems that these types of companies have and being able to overcome them to scale successfully. The incubator can make contributions from US $ 20 to US $ 200 million.
The Chilean FinTech of savings and investment, Fintual, entered the accelerator of startups World’s Largest Y Combinator (YC), through the Growth Program for winter class in San Francisco.
The firm that today manages about US $ 825 million, became the first Chilean company and the second in Latin America, to participate in this program focused on the specific problems that the startups they have to overcome to climb successfully.
The Y Combinator Growth Program lasts for three months, is run by the incubator’s continuity team, and only accepts 10 to 12 startups for batch. Previously, actors such as Plaid, Zapier, Bitrise, GitLab, Airtable and Jeeves have also participated.
At this stage the incubator can re-invest in the company if it finds a good fit between the product and the market. Till the date, They have made contributions ranging from US $ 20 to US $ 200 million and have indicated that “we do not have strict valuation parameters, but we are looking for companies with clear business models that generate a lot of customer attraction”.
Along these lines, the co-founder and CEO of Fintual, Pedro Pineda, who will participate in the program between January and March, stated in a press release that “I feel that I have to improve, upgradearme, reach a higher category, and be able to participate in a batch with 10 other CEOs of startups who are at the same stage, I think it will help us with that “.
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