SOMMOS
Tradition with innovation
Transforming and digitizing the finances of Latin Americans with financial inclusion for everybody.
SOMMOS
We are a Bolivian venture legally incorporated in the United States and Bolivia. We specialize in creating new financial solutions that consider the traditional characteristics unique to our region, providing access to collaborative savings and payment alternatives among individuals. We have digitized the “pasanaku” (rotating savings and credit association), offering our users the management of turns and access to additional financial benefits. Furthermore, we have digitized community banking, credit management, and individual scheduled savings.
We have B2B solutions and are committed to working closely with our clients to understand their unique requirements, tailoring our solutions to their specific goals and challenges.
A challenge arises
The idea was born with the purpose of bringing financial inclusion to the region through a cultural connection. Our first challenge was to digitize the ‘pasanaku’ (rotating savings and credit association), for which an application was developed to manage groups through mobile devices.
First round of investment
We have successfully completed a first round of pre-seed capital investment with $150,000 from U.S. funds and investors from across the region.
New opportunities
In a continuous approach to the people of the region and their needs, we managed to identify new opportunities. We created digital financial solutions for banking institutions and businesses involved in credit sales.
Second round of investment and internationalization
We secured a $360,000 investment from investors in Peru, the United States, and England. We initiated our internationalization by forming a partnership with MiBanco Peru.
Operations Consolidated in 2 Countries
We consolidated our operations with 3 active clients in Bolivia and Peru. We integrated our cultural financial solutions with BancoSol (Bolivia), MiBanco, and BCP (Peru).
We know what
you need
We offer digital solutions and services for both individuals and businesses, providing new alternatives for savings and collaborative payment methods.
Sommos Business
Discover how your financial institution or business can leverage our digital solutions.
PasanaQ App
Create your rotating savings and credit association group in simple steps through our mobile application.
Leading Impact
Our Team
Jhonny Ventiades
Chief Technology Officer
Co-founder
Jhonny is a Systems Engineer, specialized in Data Analysis, and certified as an Android Developer by Google. He has professional experience in India, Egypt, and Bolivia, and has served as a lecturer at two Bolivian universities.
Yara Lewensztain
Chief Operating Officer
Co-founder
Yara holds degrees in Business Administration and Commercial Engineering, with a master’s in International Business specializing in Project Management from the Universidad Politécnica de Cataluña-España. She has previous experience in two startups.
Diego Rojas
Chief Executive Officer
Co-founder
Diego holds a Fulbright scholarship master’s degree from the United States and a dual master’s (Public Policy and Business Administration) at the University of Oxford as a scholar. He is the co-founder and CEO of Tu Beca Bolivia. He was named among the list of the top 100 brightest MBA students in the world in 2023.
Who believes in us
Sovereigns is a fund that invests in startups with social impact.
SOMMOS is their first investment in Latin America.
MiBanco Peru is the largest microfinance institution in South America.
SOMMOS has developed a standalone app with MiBanco (Juntas) to digitize ROSCA in Peru.
Solydes is the most important startup accelerator in Bolivia.
SOMMOS was part of the 2022 acceleration program.
Krealo is the investment fund of the Credicorp Group, one of the top 10 largest holdings in South America and the largets of peru.
SOMMOS is their first investment in Bolivia.
Bolivian bank promoting microfinance on a global level.
SOMMOS integrates the digitization of ROSCAs into its online banking platform.
Bank of America Breakthrough Lab is Bank of America’s acceleration program for impact startups., is recognized as the best innovation lab in the world for 2023, providing economic opportunities and access to capital for outstanding entrepreneurs.
SOMMOS is the only Bolivian venture participating in the 2023 acceleration program.
Oxford Seed Fund is the investment fund of Oxford Business School and invests in startups founded by university alumni.
Sommos is the first startup from Latin America to be invested in by the Oxford Seed Fund.
The world’s largest global strategic consulting firm..
SOMMOS is the only Bolivian venture in their 2023 startup acceleration program.
Pareto Holding is an investment fund that has invested in more than 500 startups worldwide.