(Bloomberg) -- A group of investors led by SoftBank’s Latin America Fund will invest $125 million in AlphaCredit, the Latin American financial technology platform said.
The investment will allow “AlphaCredit to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model,” the company said in a statement.
AlphaCredit provides credit lines to individuals and small companies that are often underserved by traditional banks and has lent more than $1 billion to clients in Mexico and Colombia.
To view the source of this information click here.
To contact the reporter on this story: Andrew Davis in London at firstname.lastname@example.org
To contact the editors responsible for this story: Matthew G. Miller at email@example.com, James Amott, Sara Marley
For more articles like this, please visit us at bloomberg.com
Subscribe now to stay ahead with the most trusted business news source.
©2020 Bloomberg L.P.