Gómez Pinzón Abogados had the opportunity to legally advise Exponencial Corfirming, a Fintech (financial technology) company from Antioquia, in a financing granted by Sura Asset Management – SUAM for COP $ 2 billion (in a first tranche) for the financing of its operations.
Exponential is part of the Impacta consultancies that Gómez Pinzón has been developing since 2018, which They are aimed at companies that are dedicated to the incubation, development and promotion of enterprises in the country, as well as directly to entrepreneurs.
In particular, this transaction was a challenge in the sense that it consisted of adapting legal figures in principle common and traditional, such as the transfer of economic rights, to a novel financial technology business model, as is the case of confirming . The confirming is a form of early collection of invoices that seeks to manage the payment of these, in which the creditor is able to collect sums that are owed to him before their due date.