Nuam’s plan to export the ScaleX exchange to Colombia, Peru

Nuam, the integration holding for the main stock exchanges in Chile, Colombia and Peru, is preparing to bring the ScaleX exchange to the latter two countries, a Nuam executive told BNamericas.

Created by Start-Up Chile, state development agency Corfo and the Santiago stock exchange, ScaleX allows scaleup firms to raise funds through the public offering of shares and debt without requiring the registration of these securities with financial market regulator CMF

The plan is to launch ScaleX in Colombia and Peru during 2025, said Gabriel San Martín, the company’s senior business development manager.

“ScaleX’s experience in Chile can be replicated in Peru and Colombia by adapting the model to the particular characteristics of each market but maintaining the principles of flexibility and access that have been key to its success,” San Martín said.

To pave the way for the regional expansion, Nuam is forming parterships with different actors and one example of this is strategic alliances with the fintech associations in Chile, Peru and Colombia.

ScaleX currently has five listed companies that have raised around US$13mn. And there are 116 startups that begun the registration process, including companies in the fintech, proptech and biotech segments, among others.

“We're seeing growing interest from investors and companies looking for new financing opportunities,” San Martín said, adding that the financing process is "agile and transparent."

Nuam also owns a2censo, a crowdfunding platform that was created through the Colombian stock exchange to offer financing options for entrepreneurs.

Through a2censo, more than 86,000 investments have been made totaling US$99.4mn.

“In this ecosystem, the experience goes beyond financing: it's the beginning of a collaboration that drives companies towards new opportunities,” San Martín said. Besides financing, the platform offers access to a network of potential clients, partners and investors.