Grupago offers a fully digital microcredit product targeting informal micro‑SMBs, launched in October 2023 by CEO Uri Pomerantz. The product combines AI‑driven underwriting, group collateral, and community distribution to reach, underwrite and collect from customers who lack traditional credit histories. Grupago uses non‑traditional data and AI to expand credit limits as customers repay, while borrowers form lending groups that co‑sign loans to provide collateral and better repayment signals. The company acquires community leaders online who then build local lending groups, enabling an online‑to‑offline approach to reach rural and hard‑to‑reach customers. Grupago is currently active in Mexico with headquarters in Mexico City and plans to scale across Latin America over time. Its initial product focus targets group loans for women entrepreneurs.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Mar 2024