Galgo Raises $55M in Debt Financing Led by BBVA Spark

Galgo Secures $55M Debt Round

Galgo, a Chile-founded fintech that sells and finances motorcycles online across Chile, Mexico and Colombia, has raised $55 million in debt financing. The round was led by BBVA Spark.

What Galgo Does

Galgo operates an online platform for selling and financing motorcycles. The company underwrites credit for buyers who often lack access to traditional bank loans, addressing a financing gap in its target markets.

According to the company, it has originated more than $400 million in credit to date and turned profitable in the past year.

Expansion Into Ride-Hailing

Galgo is now building a co-branded motorcycle-financing product with Uber, aimed at the ride-hailing platform's drivers and couriers. The initiative extends Galgo's financing model into a new customer segment.

Deal Details

• Round type: Debt
• Amount: $55,000,000 USD
• Lead investor: BBVA Spark
• Date: September 29, 2026

Why It Matters

The debt facility provides Galgo with capital to support its lending operations as it scales across Chile, Mexico and Colombia. The involvement of BBVA Spark as lead investor signals institutional backing for the company's credit model.

For observers tracking fintech and specialty lending in Latin America, Galgo's combination of online vehicle sales, credit underwriting for underserved borrowers, and a partnership with a major ride-hailing platform represents a distinct approach to motorcycle financing in the region.