AltScore provides an AI-driven B2B credit infrastructure platform that enables companies to become fintech lenders and offer fully digital lending products to SME customers. Led by CEO Andrés Pérez, the platform is used by large enterprises in the region, including Coca-Cola, to reach millions of underserved SME customers. The company’s mission is to provide fair and timely credit access to small and medium-sized enterprises in Latin America. AltScore intends to use the new capital to expand operations and accelerate product development. AltScore raised $8.5M in a Series A to support that expansion. The company is based in Cuauhtemoc, Mexico, and Washington, DC. AltScore is a Mexico-based fintech that builds B2B lending infrastructure and Lending-as-a-Service (LaaS) APIs for underwriting, alternative data, scoring and other lending modules. The company began operating in Ecuador in January 2021 and serves clients across South, Central, and North America. AltScore’s platform lets businesses embed credit products to increase customer retention and lifetime value, and enables existing lenders to leverage individual lending modules. It raised $3.5M in a Seed funding round to continue developing its end-to-end LaaS solution. Planned product work with the new capital includes adding modules such as Smart Collections, Loan Management, and Embedded Lending. The company intends to use the funds to help B2B partners deploy credit products and improve access to fair and timely liquidity for MSMBs in Latin America.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2024