FinTech news in Alejandro Echavarria category

Alejandro Echavarria and Leon Papu, both managing partners, co-founded the venture capital firm in 2020 with Pablo Navarro, operating partner, to focus on early-stage, business-to-business startups in emerging markets. They started Marathon initially as a company builder in 2020, which is how they ended up investing in Tul, ​​a B2B e-commerce marketplace that optimizes the construction-material supply chain for hardware stores across Latin America. Brazil and Mexico are most known as Latin America hot startup ecosystems, but other countries, like Colombia, are gaining visibility and interest from investors. In addition to Tul, the fund has invested in eight companies and is already seeing an approximate two-time return over the total fund size to date.