AlphaCredit is gearing up for a funding round worth up to $125mn.
In Brief:
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AlphaCredit focuses on consumer finance, especially for those in underbanked areas.
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The business aim to provide ‘fast, easy and flexible’ solutions to help individuals as well as small businesses.
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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.
