Costanoa has invested in Welli, a revolutionary financial services platform aimed at transforming the healthcare economy in Latin America, starting with patient and equipment financing in Colombia.

Target Information

Welli is a pioneering financial services platform specifically designed to address the needs of the healthcare economy in Latin America. The company aims to revolutionize financial offerings for both patients and healthcare providers, starting its operations in Colombia, where the founders are based. By focusing primarily on patient finance and equipment financing for healthcare practices, Welli is poised to make significant strides within the $500 billion healthcare sector.

Industry Overview in Latin America

The healthcare industry in Latin America is a vital component of social well-being and economic development, yet it is facing considerable challenges, particularly concerning financial access. Traditional banking has largely ignored the unique financial dynamics of healthcare providers, including doctors, clinics, and diagnostic labs, leaving them underserved and struggling to obtain essential working capital.

Providers often depend on unsuitable financing options such as high-interest credit cards or personal savings, complicating essential business operations like equipment purchases and payro