AltScore, a Cuauhtemoc, Mexico, and Washington, DC-based provider of AI-driven B2B credit infrastructure, raised $8.5m in Series A funding.
The round was led by Haymaker Ventures, with participation from Kamay Ventures, BuenTrip Ventures, Caffeinated Capital, FarOut Ventures, TechStars, and others.
The company intends to use the funds to expand operations and its development efforts, as well as to accelerate its mission to provide fair and timely credit access to small and medium-sized enterprises (SMEs) in Latin America.
Led by CEO Andrés Pérez, AltScore provides a platform that enables B2B companies to become fintech lenders, empowering them to offer fully digital lending products to their SME customers. Some of the largest enterprises in the region, including Coca-Cola, use AltScore as their credit infrastructure partner to offer fully digital lending products to their millions of underserved SME customers.
FinSMEs
05/09/2024