AlphaCredit is gearing up for a funding round worth up to $125mn.
AlphaCredit focuses on consumer finance, especially for those in underbanked areas.
The business aim to provide ‘fast, easy and flexible’ solutions to help individuals as well as small businesses.
So far, AlphaCredit has granted over $1bn in loans to clients in Mexico and Colombia.
What does this mean?
The company has stated its backing from Softbank will help cement its position as a leading player in the LatAm market. AlphaCredit also hopes to continue to expand in the region and remain competitive.