Substantive fintech

FinMaq

FinMaq finances productive equipment for Colombian small businesses through distributor relationships. [7] [3] company claim

CountryColombia

Disclosure2026-10-26

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How the purchase works

One credit transaction. Three participants.

Equipment goes to the business.
FinMaq pays the seller.

Credit assessmentCredit paymentsDirect paymentEquipment

Illustrative equipment, not a named customer.

Read the five stages of an equipment-credit purchase.

Choose equipment

Find the equipment.

A business finds productive equipment through a distributor offering FinMaq financing.

The seller provides the equipment. FinMaq provides a financing route.

Company claim [3]

Credit decision

FinMaq assesses the buyer.

FinMaq assesses the customer before agreeing to finance the purchase.

Approval is a condition of this example. No approval rate or turnaround time is assumed.

Company claim [3]

Seller paid

The seller receives the funds.

After approval, FinMaq sends the funds directly to the distributor.

The seller receives the payment. The borrower does not receive that disbursement.

Company claim [3]

Equipment supplied

The business gets the equipment.

The business obtains the equipment through the distributor.

Delivery, acceptance, repayment terms and ownership require the transaction agreement.

Illustrative transaction [3]

Credit payments

The business repays its credit.

FinMaq provides a customer credit-payment channel.

Amounts, frequency, fees and repayment performance are not established by the payment page.

Company claim [25]

Equipment credit is this example. FinMaq also offers renting for equipment use over an agreed term, and revolving credit for maintenance or consumables. FinMaq product page.

Based on Accion’s investor account, 27 October 2026 [3]. The guided tour shows the transaction sequence. Arrows show direction, not amounts or physical timing. Payment amounts, fees, frequency and title rights require the contract.

Interactive 3D explainer

How equipment financing connects three parties

Follow a business request, an agreement, a distributor payment and an equipment route. This is a conceptual equipment-credit example.

The static explanation below is available without 3D or JavaScript.

Evidence boundary. The objects and motion are explanatory symbols. No actual application, payment amount, delivery or repayment performance is simulated. Renting and revolving credit have different purposes and terms.

Static explanation and all component roles

Whole transaction: a stationary explanatory view, not measured motion.
Business request: a stationary explanatory view, not measured motion.
Seller and business: a stationary explanatory view, not measured motion.
If agreed: a stationary explanatory view, not measured motion.
Distributor payment: a stationary explanatory view, not measured motion.
Equipment route: a stationary explanatory view, not measured motion.
Contractual payments: a stationary explanatory view, not measured motion.

Business applicant

A business sends an equipment-financing request to FinMaq. The request card represents information, not money.

Purpose. The equipment need starts an assessment; a request is not an approval.

No applicant, eligibility rule, decision time or approval rate is simulated.

company claim | inspected 2026-11-01 | Source 1 | Source 2

Equipment distributor

The distributor supplies the productive asset in this equipment-credit example. It is a separate party from the financier.

Purpose. Providing equipment and providing finance are different roles.

The station does not identify a current partner, product vendor or verified trading agreement.

company claim | inspected 2026-11-01 | Source 1

Assessment and agreement

FinMaq assesses the request. The illustrated financing route proceeds only if the parties agree.

Purpose. The agreement connects the equipment purchase to contractual obligations.

The tray and gate are symbols. No proprietary underwriting process, automatic approval or signed contract is shown.

company claim | inspected 2026-11-01 | Source 1 | Source 2 | Source 3

Distributor payment

Accion describes FinMaq paying the distributor directly. The receipt cue ends at the seller, not the borrower.

Purpose. The money route and the equipment route have different endpoints.

Investor-described route from prior source inspection. No settlement, account, amount or transfer time was observed.

company claim | inspected 2026-11-01 | Source 1

Equipment for the business

A generic productive asset moves from the distributor towards the business. It represents equipment access in this credit example.

Purpose. The purchase serves an equipment need, rather than unrestricted cash spending.

No particular machine, delivery, installation, warranty or legal-title transfer is demonstrated.

company claim | inspected 2026-11-01 | Source 1 | Source 2 | Source 3

Contractual payment obligation

The business owes payments under its agreement. The marked direction explains the obligation, not observed cash collection.

Purpose. Money owed and money received are different.

No payment schedule, realised repayment, default rate or profitability is simulated. Renting and revolving credit differ.

company claim | inspected 2026-11-01 | Source 1 | Source 2 | Source 3

company claim; analysis geometry · FinMaq source. Source inspection dates are listed for each component. Publication date is recorded in the dossier source list where established. Every shape is an explanatory simplification; the scene does not establish engineering performance.

Capital, customers and market direction

Money and market

Evidence checked to 2026-11-01. Company finances and wider-market indicators are kept separate.

Latest announced round

USD 6.5m

Accion announced a Series A with Mundi Ventures, ALIVE Ventures and 30N Ventures on 27 October 2026. [F1]

Keep this separate from earlier mixed equity/debt announcements. Cash receipt and valuation were not inspected.

company claim

Cumulative activity

USD 100m+

The announcement reports disbursements since 2019 and more than 1,600 clients. [F1]

Cumulative disbursement is neither the outstanding loan book nor revenue. The default comparison lacks vintage detail.

company claim

Funding environment

12.25%

Colombia held its policy rate at 12.25% on 30 October. The central bank described restrictive policy and softer demand indicators. [F2]

This is the policy rate, not FinMaq facility pricing, borrower yield or a guaranteed credit spread.

verified

Cash and runway

Not disclosed

Not established. Current cash, committed facilities, monthly cash burn and a funded milestone plan have not been obtained.

A financing announcement is not the cash balance. No runway estimate is shown.

analysis

What the market signal means

Growth needs disciplined funding and credit

The announced expansion creates a funding and underwriting test. Restrictive monetary policy can pressure borrowing costs and customer affordability; rapid disbursement growth is valuable only if loss-adjusted cash returns hold. [F1] [F2]

This is analysis of exposure, not a forecast of defaults or interest margins.

analysis

Questions that change the financial case

What are net yields after facility cost, losses, recoveries and servicing for each origination vintage?
How much committed debt capacity is undrawn, and which covenants constrain expansion?
How much of the announced financing is equity versus loan-book funding, and how do maturities match?

Financial overview sources and dates

F1 Accion: FinMaq Series A and operating figures
Published 2026-10-27 · Accessed 2026-11-01
F2 Banco de la Republica October policy decision
Published 2026-10-30 · Accessed 2026-11-01

The development

On 26 October 2026, FinMaq and Accion announced a US$6.5 million Series A led by Accion, with Mundi Ventures and existing investors ALIVE Ventures and 30N Ventures. [1] company claim

Claims and evidence

FinMaq finances productive equipment for Colombian small businesses through distributor relationships. [7] [3]
company claim
On 26 October 2026, FinMaq and Accion announced a US$6.5 million Series A led by Accion, with Mundi Ventures and existing investors ALIVE Ventures and 30N Ventures. [1]
company claim
Experian lists Financiamos Su Maquina S.A.S., NIT 900761625, incorporated on 8 August 2014. This is a commercial directory record, not a certified corporate extract. [8]
verified
FinMaq's company profile describes private financing. Current beneficial ownership, parentage and independence remain unconfirmed. [9]
company claim
Clinica Vida's financial statements report a FinMaq equipment loan at 13.49% effective annual interest, starting 31 October 2022 and maturing 30 April 2024. This is one historical contract, not current standard pricing. [11]
verified
A FinMaq-authored announcement dated 16 June 2023 described a round being closed with US$3.5 million of equity and US$20 million of funding. It does not prove final drawdown. [6]
company claim
Forbes reported US$29 million of combined capital and debt in January 2025, naming ALIVE and 30N on the capital side and Accial and Iris on the debt side. The facility terms were not disclosed. [4] [5]
company claim
The January 2025 Forbes interview reported more than US$30 million cumulatively lent and a US$17 million active loan book. Neither figure is revenue or a current loan-book measurement. [4]
company claim
The October 2026 announcement reports more than US$100 million disbursed since 2019. Cumulative disbursements do not establish outstanding principal, revenue or credit quality. [1]
company claim
Accion describes more than 56 distributor partners and direct payment to distributors rather than borrowers. These are investor assertions, not an audited control test. [3]
company claim
No match for FinMaq, Financiamos or NIT 900761625 was found in the extracted SFC supervised-entity list updated 30 October 2026. This does not establish an exemption, a licence or unlawful activity. [12]
analysis
SFC historical guidance distinguishes own-resource lending from reserved financial activity and treats financial leasing as requiring authorisation. Applying that distinction to FinMaq requires its actual contracts and current legal analysis. [13] [14]
analysis
Banco de la Republica's September 2026 report discusses interest-rate and exchange-rate pressures. FinMaq's exposure depends on funding currency, hedging and borrower cash flows, which remain undisclosed. [15]
analysis

Assessment

Topic	Reading and evidence
Product and mechanism	The website offers equipment credit, renting and revolving finance. Contractual ownership, purchase options and credit-provider identity must distinguish a loan from operating rental or financial leasing. [7] [14] analysis
Customer and buying process	Distributor referral and direct supplier payment could connect underwriting to an identifiable asset. Acceptance rates, documentation burden and supplier verification have not been independently tested. [3] analysis
Commercial evidence	A named borrower's financial statements corroborate historical equipment lending. One loan does not validate the present customer count, repeat use or portfolio quality. [11] analysis
Pricing and unit economics	A historical borrower rate is available, but the current all-in price, funding cost, expected loss, servicing expense and recovery cost are missing. No risk-adjusted spread can be calculated. [11] [15] analysis
Competitors and substitutes	The same borrower lists bank loans and leasing alongside FinMaq. These are evidenced substitutes; relative approval rates, effective cost and speed have not been compared. [11] analysis
Distribution	Distributor relationships may lower acquisition effort but create concentration and adverse-selection risks. Partner contracts, commissions, exclusivity and fraud controls are required. [3] analysis
Defensibility and intellectual property	Not established. Obtain scoring-model validation, proprietary-data rights and distributor exclusivity records before asserting a defensible advantage. unknown
Operational scaling	More originations require collections, servicing capacity and funding headroom. Obtain cohort-level arrears and staffing capacity before treating the announced growth plan as executable. [2] [15] analysis
Regulatory perimeter	The exact-name SFC list search is inconclusive on legal status. Resolve whether each product uses the Colombian entity, an authorised partner or another lender, and obtain the applicable legal basis. [12] [13] [14] analysis
Capital and warehouse structure	The 2025 package mixed capital and debt. Neither that announcement nor the 2026 Series A supplies a warehouse agreement, advance rate, first-loss requirement, eligible-collateral rules, covenants or funding maturity. [4] [5] [1] analysis
Loss, fraud and recoveries	Not established. Obtain vintage delinquency, write-offs, restructurings, repossession proceeds, insurance coverage, lien priority and supplier-fraud loss data. unknown
Safeguarding and data rights	The current privacy notice identifies Financiamos Su Maquina S.A.S. as data controller. Consent records, security controls, complaints handling and any client-money safeguards still require evidence. [17] analysis
Metric definitions	The 2025 book and cumulative lending measure different stocks and flows. Reconcile the latest opening book, originations, repayments, charge-offs and closing book before judging growth or leverage. [4] [1] analysis
Ownership and independence	Company branding and directory evidence link the Colombian operation, but do not establish its current cap table or holding-company chain. A certified extract and ownership chart are needed. [7] [8] [9] analysis
Next falsifiable milestone	Test the next disclosed loan-book reconciliation against funding capacity and vintage losses. Growth supports the thesis only if realised yield after funding, servicing and net credit losses remains positive without a hidden maturity or currency mismatch. [1] [15] analysis
Funding-context limitation	IFC's proposed Accial fund investment describes a different financing layer. Its proposed senior-loan tenor and status cannot be assigned to a FinMaq borrowing facility. [16] analysis
Chronology consistency	The 2023 company fundraising account and the 2025 description of first institutional participation need reconciliation. Do not sum announcements into lifetime capital raised. [6] [4] analysis
Current borrower terms	Older company marketing advertises fixed instalments and terms up to 48 months. Obtain the current signed template, fee schedule, default provisions and security documents; marketing is not an enforceable contract. [10] analysis

Opinion

The new financing merits a focused lending investigation: can additional capital support profitable equipment credit while preserving underwriting and recoveries? The older mechanism does not answer that question.

Limits. The announcement establishes a fresh financing claim, not improved economics. Ownership, funding terms, current borrower contracts and portfolio losses remain unresolved. Historical customer evidence supports further research only.

opinion

Unknowns

Obtain the current corporate extract, beneficial-owner register and group chart to establish private independent status and the Series A recipient.
Obtain signed financing documents to establish the 2026 instrument, cash receipt, valuation and use of proceeds, and reconcile earlier rounds.
Obtain each debt facility's drawn and undrawn amounts, currency, pricing, maturity, security, recourse, covenants and advance rate.
Obtain current credit and renting contracts, all-in charges, cooling-off or cancellation rights, default treatment, purchase options and lien documents.
Obtain audited financials and a current loan tape separating originations, outstanding principal, revenue, arrears, charge-offs and recoveries.
Obtain current regulatory analysis and any partner authorisations; the SFC name search does not settle the perimeter.
Obtain settlement accounts, reconciliation procedures, insurance terms, complaints records and data-security control evidence.
Reconcile customer definitions and the announced target: the Spanish release says additional clients while the English release describes a total.
Retrieve the Finmaq Holding SEC filing and establish its relationship to the Colombian entity; the original could not be read in this session.

Reading the labels

Labels distinguish reported evidence, company claims, estimates and analysis. Company claims remain attributed assertions. Sources and dates appear below.

Commercial picture · 2026-11-01

Competition, costs and demand

Equipment finance in Colombia. Identified alternatives and commercial relationships are bounded by the sources below.

Capital and customer finance

Schematic of reported financing roles and a historical borrower obligation. Arrows distinguish funding claims from reported debt.

Complete participants, relationships and sources

Investors

company claim

Accion, Mundi, ALIVE and 30N are named participants. [2]

Cash receipts and legal instruments were not inspected.

Accion: Series A announcement

Published 2026-10-27; Accessed 2026-11-01

Open original source

Debt providers

company claim

Accial and Iris are named on the 2025 debt side. [5]

Drawdowns and facility terms remain unavailable.

Accial: reproduction of 2025 financing report

Published 2025-02-20; Accessed 2026-11-01

Open original source

FinMaq

company claim

Equipment-finance provider described by ALIVE. [23]

Contract counterparties require confirmation.

ALIVE: financing and operating claims

Published 2025-01-14; Accessed 2026-11-01

Open original source

Distributors

company claim

Equipment sellers in the reported channel. [3]

Named agreements were not inspected.

Accion: distribution model

Published 2026-10-27; Accessed 2026-11-01

Open original source

Clinica Vida

verified

Historical equipment borrower. [11]

The table is the 2023 comparative.

Clinica Vida: 2024 financial statements; PDF page 18, printed page 13

Publication date not recorded; Accessed 2026-11-01

Open original source

Funding: participation

company claim

Investors → FinMaq

Reported Series A participation. [2]

What happens: The named investors are reported participants in FinMaq's Series A.
Why it matters: Financing capacity matters when a provider expands equipment credit.
What follows: The customer route still requires assessment and an agreement.

No cash-flow amount is assigned.

Accion: Series A announcement

Published 2026-10-27; Accessed 2026-11-01

Open original source

Funding: debt

company claim

Debt providers → FinMaq

Reported debt participation. [5]

What happens: The 2025 report names debt providers alongside FinMaq's financing.
Why it matters: Loan-book funding and shareholder capital create different obligations.
What follows: Facility terms must establish availability, borrowing costs and drawdowns.

Commitment and drawdown remain distinct.

Accial: reproduction of 2025 financing report

Published 2025-02-20; Accessed 2026-11-01

Open original source

Money: supplier payment

company claim

FinMaq → Distributors

Reported direct distributor payment. [3]

What happens: Accion describes FinMaq paying the distributor directly for approved equipment credit.
Why it matters: This connects financing to the seller rather than unrestricted borrower cash.
What follows: Equipment supply remains separate; delivery and title need transaction records.

Not an audited settlement test.

Accion: distribution model

Published 2026-10-27; Accessed 2026-11-01

Open original source

Money: debt obligation

verified

Clinica Vida → FinMaq

Historical reported debt. [11]

What happens: Clinica Vida's 2023 comparative records an equipment-financing debt to FinMaq.
Why it matters: The liability shows the financing relationship from the borrower's accounts.
What follows: Money owed does not establish that instalments were paid or the loan repaid.

Direction means money owed, not observed payment.

Clinica Vida: 2024 financial statements; PDF page 18, printed page 13

Publication date not recorded; Accessed 2026-11-01

Open original source

Scope. Funding announcements are not proof of cash receipt. The clinic record is not linked to the later rounds. Arrow size conveys no amount.

Competition and alternatives

Identified Colombian providers and substitute purchasing routes.

Topic	Evidence and scope
Bancolombia	Bancolombia offers financial leasing to legal entities for productive assets, including construction, agroindustrial and logistics equipment. It purchases the asset; customers pay instalments and may exercise an agreed purchase option. [22] company claim An alternative, not evidence that the same borrower qualifies or receives a comparable quote.
BBVA Colombia	BBVA offers machinery leasing for Colombian businesses, including new and used assets. Its requirements include financial statements and tax returns. [21] company claim Matched equipment, borrower eligibility, guarantees and all-in quotations are needed before ranking providers.
Banco de Occidente	Banco de Occidente offers financial leasing and operating rental without a purchase option for productive machinery. It also describes leaseback. [20] company claim Ownership and end-of-term rights differ between these structures.
Cash or postponement	Cash purchase and postponed acquisition are relevant alternatives in the equipment-purchasing problem described by Accion. [3] analysis Their frequency among FinMaq applicants has not been established.
Coverage	Not established. A complete competitor census and matched approval, speed and cost comparisons require broader searches and comparable borrower quotations. Not established No estimate is substituted for the missing record.

Funding and capital

Financing announcements, approved loans and evidence needed to establish cash availability.

Topic	Evidence and scope
2023 announcement	On 16 June 2023, FinMaq described a round being closed with US$3.5 million equity and US$20 million in funding. [6] company claim The latter instrument and final drawdown are not established. Do not classify all funding as received debt.
2025 mixed package	ALIVE announced US$29 million of financing in January 2025. Accial's reproduced report identifies ALIVE and 30N on the capital side and Accial and Iris on the debt side. [23] [5] company claim Component amounts, drawdowns and overlap with earlier announcements need reconciliation.
IDB approved loan	IDB records CO-L1321 as a loan operation approved on 9 December 2025: US$2 million approved, US$1 million counterpart financing and US$3 million total project cost. [24] verified The page has no signed date or disbursement amount. Project cost is not equity raised; counterpart financing is not an additional IDB loan.
2026 Series A	Accion's 27 October 2026 announcement describes a US$6.5 million Series A involving Accion, Mundi Ventures, ALIVE and 30N. [2] company claim Subscription documents, recipient entity, instrument terms and cash receipts are needed before treating the amount as unrestricted equity cash.
Peer financing routes	Bancolombia and BBVA describe development-finance lines available through their leasing products. [22] [21] company claim This feature is not a quantified commitment, bank fundraising total or evidence of FinMaq access.
Grants and totals	Not established. Grant awards, a reconciled lifetime financing ledger and drawn versus undrawn facilities require award and transaction records. No grant amount or cumulative total is assigned. Not established No estimate is substituted for the missing record.

Costs and credit economics

Historical contract observations and boundaries for comparing finance costs.

Topic	Evidence and scope
Historical borrower rate	Clinica Vida reports a FinMaq equipment loan at 13.49% effective annual interest, starting 31 October 2022 and maturing 30 April 2024. The table gives an 18-month term. [11] verified One historical Colombian equipment loan, not a current tariff. Fees, insurance and effective total cost are not established by the interest column.
Financed principal	The same table reports initial FinMaq debt of 838,953 in thousands of Colombian pesos. [11] verified Borrower principal in nominal COP, not FinMaq CAPEX, OPEX, revenue or total delivered equipment price. The machine is not identified.
External financing terms	BBVA advertises financing up to 100% of asset value and a maximum seven-year term, depending on the machine. It separately lists insurance, maintenance and transaction costs. [21] company claim Colombian product terms accessed on 1 November 2026. Ceilings are not approved offers or interest rates. No cost advantage is inferred.
Different cost boundaries	Bancolombia's model separates customer instalments and asset use from the bank's asset purchase. FinMaq's product contracts must establish the corresponding ownership and cost boundaries. [22] [2] analysis Keep customer spending, company costs, working capital and loan-book funding separate.
Company CAPEX and OPEX	Not established. Audited asset additions, technology spending, staffing, acquisition, servicing and collections costs are needed for company cost estimates. Not established No estimate is substituted for the missing record.
Lending margins	Not established. Current yields, fees, facility pricing, vintage losses, recoveries and servicing cash flows are needed for a comparable risk-adjusted margin. No numerical scenario is assigned. Not established No estimate is substituted for the missing record.

Equipment and service chain

Documented roles and unresolved commercial dependencies.

Topic	Evidence and scope
Distributor network	Accion reports more than 56 distributor partners and direct payment to distributors rather than borrowers. [3] company claim Investor assertion. Names, contracts and concentration were not established.
Asset-backed model	ALIVE describes asset-backed finance and distributor partnerships. Asset quality and enforceable security are therefore relevant research questions. [23] analysis Valuation, lien priority, fraud controls and repossession performance were not verified.
Upstream suppliers	Not established. Named manufacturers, importers, insurers and repair providers, together with their contracts, are needed for an upstream map. Not established No estimate is substituted for the missing record.
Delivery and servicing	Not established. Order-level acceptance, installation, warranty, spare-parts and maintenance records are needed to verify physical delivery and ongoing service. Not established No estimate is substituted for the missing record.

Potential drivers

Evidence relevant to adoption and operating capacity.

Topic	Evidence and scope
Finance at purchase	The Accion-described model places financing beside the equipment purchase decision. [3] analysis Its effect on conversion, acquisition cost and approval rates needs measured cohorts.
Development support	IDB's project objective is wider equipment-credit access for Colombian small businesses and self-employed workers, especially women entrepreneurs. [24] verified An objective and loan approval do not establish achieved outcomes or available cash.
Economic context	The central bank's September 2026 update describes stronger economic activity and greater credit dynamism. [15] verified National context does not establish FinMaq demand or underwriting results.

Topic

Evidence and scope

Finance at purchase

The Accion-described model places financing beside the equipment purchase decision. [3]

analysis

Its effect on conversion, acquisition cost and approval rates needs measured cohorts.

Development support

IDB's project objective is wider equipment-credit access for Colombian small businesses and self-employed workers, especially women entrepreneurs. [24]

verified

An objective and loan approval do not establish achieved outcomes or available cash.

Economic context

The central bank's September 2026 update describes stronger economic activity and greater credit dynamism. [15]

verified

National context does not establish FinMaq demand or underwriting results.

Risks and constraints

External pressures and unresolved operating questions.

Topic	Evidence and scope
Interest and currency	The central bank identifies high interest rates and possible peso depreciation as risks, including pressure on imports and firms with foreign-currency debt. [15] verified FinMaq's actual mismatch, hedges and borrower sensitivity are unknown.
Existing providers	Bank product pages show established equipment-finance routes. FinMaq's differentiation needs matched evidence on eligibility, service and cost. [21] [22] [20] analysis Availability does not prove underserved applicants can obtain bank credit.
Credit and liquidity	Not established. Loan tapes, arrears definitions, write-offs, recoveries, covenants, facility maturities and stress tests are needed to assess resilience. Not established No estimate is substituted for the missing record.
Regulatory perimeter	Not established. Current legal analysis, product contracts, lender identity and applicable authorisations are needed before drawing a compliance conclusion. Not established No estimate is substituted for the missing record.

Demand and evidence of use

Observed borrowing, reported usage and appetite measures.

Topic	Evidence and scope
Historical borrowing	Clinica Vida identifies FinMaq as an equipment lender in its 2023 comparative debt table. [11] verified Historical borrowing, not current or repeat demand or representative portfolio performance.
Reported reach	Accion reports more than 1,600 clients and over US$100 million disbursed since 2019. [2] company claim Cumulative disbursements are not outstanding principal or revenue. Definitions and reconciliation are missing.
Customer survey	ALIVE's case study reports that 83% of surveyed customers reported higher productivity, 82% higher income, 38% higher paid employment and 70% better quality of life. [26] company claim Investor-published survey summary. Sample size, questionnaire and response rate are not disclosed in the inspected case study. Self-reported outcomes do not establish causal impact or population-wide demand.
Investor appetite	ALIVE's participation announcement supports stated investor interest in the model. [23] company claim Investor interest differs from customer willingness to pay and public acceptance.
Wider appetite	Not established. A relevant original survey or consultation and application-to-acceptance cohorts are needed to assess prospective demand. Press coverage is not substituted for evidence. Not established No estimate is substituted for the missing record.

Who buys, sells and pays

Distinct customer, vendor, financier and acquisition roles.

Topic	Evidence and scope
Buyers and users	Accion identifies manufacturers, food producers, contractors, clinics, veterinarians, transport operators and farmers as client segments. [2] company claim Reported segments, not verified sizes or named contracts.
Sellers	Distributors sell equipment; Accion says FinMaq pays the distributor after customer approval. [3] company claim No named exclusivity or manufacturing relationship is inferred.
Historical obligation	Clinica Vida reports a debt obligation to FinMaq. [11] verified A balance is not proof of every payment or current repayment behaviour.
Loan and company buyers	Not established. Loan-sale contracts, named receivables purchasers and credible acquisition records are needed. No investor or vendor is presented as an interested acquirer. Not established No estimate is substituted for the missing record.
Borrower payments	FinMaq links customers to a credit-payment page that asks for a document number or tax identifier before lookup. [25] [7] company claim The public entry page was inspected without entering details or submitting a payment. Amounts, frequency, fees and collection outcomes were not established.

Public-company context · 2026-11-01

Listed companies around this market

Colombian listed banking context, not FinMaq results or proof of a trading relationship. Official filings remain separate from externally hosted stock prices.

A listed company's share price reflects its whole business. It does not establish demand for this startup, a supplier relationship or a private valuation.

Grupo Aval Acciones y Valores S.A.

Comparator · analysis

Grupo Aval controls Banco de Occidente, which offers machinery leasing. The group gives listed context for funding costs, credit losses and incumbent competition in Colombia. [18] [19] [20]

No FinMaq customer, supplier or funding relationship is established. Group totals include several banks and non-bank businesses, not FinMaq unit economics or machinery-leasing costs. The NYSE security is an American depositary share representing preferred shares.

View Grupo Aval Acciones y Valores S.A. on TradingView. External price data may be delayed or unavailable; filing evidence is shown below.