👊🏽 Special Edition: Ganas Ventures Invests in Nufi
This is a special edition of Lolita's Newsletter, monthly newsletter of curated actionable insights and resources for over 20,000 underestimated founders, funders, and friends.
Ganas Ventures is excited to announce our investment in Nufi’s seed round. We're joining forces with Magma Ventures and Semilla Ventures. This marks our 17th investment since launching, adding to our growing portfolio that includes Latitud, Around, Shappi, Leadsales, Masa, Storybook, Ask Alex, Distribute, Papaya, Chptr, The Swarm, Careerflow, Avify, Vitrinnea, Manzana Verde, and Zócalo. We're thrilled to support Nufi's vision for leveraging community in the finance and identity verification space. We remain committed to investing in passionate founders building the future of Latin America and the US.
💰 Founders, apply for investment here. 👊🏽 LPs, apply to invest in Ganas here.
TL;DR on Why We Invested in Nufi
Huge market: Tapping into Latin America's $10 billion digital identity verification market.
Strong growth: Projecting $1M in annual revenue for 2024 with a 7x revenue growth year-over-year.
Efficient operations: Cost-effective service delivery through a modular and flexible platform.
Community-driven: Enabling trust and financial inclusion in the LatinX community.
Expert leadership: Led by seasoned professionals with deep expertise in technology and finance.
💳 Nufi
Nufi is transforming identity verification in Latin America with its comprehensive and quick verification platform. They currently serve over 200 B2B clients, including leading banks, fintechs, and HR firms. Nufi’s ability to verify identities in under five minutes is a game-changer for the region. With a projected revenue of $1M in 2024, Nufi is set to become a key player in the digital identity space.
Team. The Nufi team is led by Hans Villa and Ilich Núñez, who bring over 30 years of combined experience in technology and finance. Their expertise and mission-driven approach make them the ideal leaders to scale Nufi. The team includes skilled engineers, compliance experts, and operational specialists, all dedicated to building trust in the LatinX community.
Market Opportunity. Nufi is perfectly positioned to capture the Latin American market, with a TAM of $10 billion. The growing need for secure and efficient identity verification solutions presents a significant opportunity. By focusing on underserved communities, Nufi addresses a critical gap, offering investors a chance to be part of a transformative venture.
Traction and Growth. Nufi is on a growth trajectory, aiming for $1M in annual revenue in 2024. Their flexible platform, which integrates seamlessly with existing workflows, ensures efficient operations. With over 200 B2B clients and a churn rate of only 1.5%, Nufi is not only attracting clients but retaining them, which is crucial for sustainable growth.
Community Power. Nufi leverages the power of the community by enabling trust through its comprehensive verification platform. This builds engagement and trust within the LatinX community, strengthening their market position and facilitating rapid scaling. Their partnerships with financial institutions and HR firms further drive growth.
Unicorn Potential. Nufi’s strategic roadmap includes expanding their client base and enhancing their technology. With a clear vision for scaling operations and entering new markets, they’re on a path to becoming a unicorn. Their community-driven, tech-enabled model is set to redefine digital identity verification in Latin America, giving investors a unique opportunity to be part of a high-impact venture.
🙌🏽 Join the Nufi Family
Become a member of the Nufi family by visiting their website or as an investor by becoming a Ganas Ventures LP at ganas.vc.
✨ Lolita Taub, GP at Ganas Ventures | X | luma
Ganas Ventures is actively investing $100K into pre-seed and seed community-driven startups in the US & Latin America. Learn more at ganas.vc.
Disclaimer: Ganas Ventures is a 506c fund that allows us to publicly solicit for our raise. All are welcome to apply to become an LP; however, commitments to Ganas Ventures will only be accepted by accredited investors.