Radar

Radar (somosradar.com), a Chilean fintech company established in 2022, provides enterprise treasury management services tailored for the Latin American market. The company was founded by a team with deep roots in the regional fintech landscape: Herbert Schulz (CEO), a serial entrepreneur and a key figure in Chile's fintech industry; Gabriel Vilaboa (CTO), a tech-preneur with over two decades of programming experience; Amanda Jacobson (CRO), a professional with more than ten years in the Latin American fintech ecosystem; and Rafael Martínez (Compliance), an entrepreneur with a background in both the music and fintech industries. Schulz's journey, which includes founding other fintechs like Becual and DANK, led him to identify the significant obstacle that mass payment dispersion presented for the sector's growth, inspiring the creation of Radar to automate these processes.

The company's core business revolves around offering a suite of tools that automate corporate financial processes, specifically payment reconciliation, disbursement, and collections. This allows their clients, which are primarily large enterprises, to gain complete visibility and control over their cash flows. By providing a centralized platform for treasury management, Radar enables businesses to make more informed decisions regarding liquidity acquisition and corporate capital investment. The ultimate benefits for their clients include improved customer payment experiences and reduced operational costs. Radar operates in Chile and Mexico, serving corporate clients across various sectors, including healthcare, real estate, and universities.

Radar has secured significant funding to fuel its growth, including a pre-seed round and multiple seed rounds. Notably, the company raised $280K in October 2022 and followed up with a $1.5 million round in April 2024. This later round was led by investors such as The Fintech Fund, Everywhere Ventures, Startup Istanbul, and Rhombuz VC, with the capital earmarked for expanding their engineering team in both Chile and Mexico. The business model appears to be centered on providing their financial technology solutions to corporations, likely on a subscription or fee-per-transaction basis, to manage complex financial operations efficiently.

Keywords: treasury management, fintech, B2B payments, payment reconciliation, cash flow management, corporate finance, payment automation, Latin America, financial software, enterprise software