(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 abdavis@bloomberg.net
To contact the editors responsible for this story: Matthew G. Miller at mmiller144@bloomberg.net, James Amott, Sara Marley
©2020 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
