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Customers do not want to finance invoices; instead, customers need capital to run their businesses. Invoices are the collateral we need to finance and mitigate risk. Omni’s purpose is to provide real solutions that maximize user experience and returns while minimizing credit risk.
A proven team, product and technology that thrived by scaling up in Latam; an acquisition; Covid and the implosion of Greensill. After a management buyout, we are ready to continue our journey as Omni.
Omni was founded in 2016 and in June 2020 was acquired by Greensill with two objectives:
In the first nine months, Omni evolved into an incredible team of 228, reached $880 million in funded flow, had $1.4 billion in top-tier customer base in Chile, Colombia, Mexico and Brazil, and was preparing to launch the Omni platform in the U. S. for EOY 2021.
Nine months later, Greensill failed catastrophically after raising more than $2 billion from General Atlantic and Softbank and reportedly going on to a $25 billion initial public offering. Latin American leadership came together and founded Omni Management Co. and within 6 weeks acquired most of the Colombian and Chilean assets and saved 200 jobs.
The purchase included $42 million of locally financed assets, $30 million in cash and cash equivalents and, most importantly, all of our technology, intellectual property and equipment.
Meet the team that leads OMNI: the first digital financial services platform in Latin America, which is oriented to provide liquidity to companies in a 100% virtual way.