Kredito partners with financial institutions to help small businesses with spend management, access to digital unsecured loans, bank accounts and corporate credit cards. The company uses a proprietary algorithm and alternative data to evaluate credit risk more inclusively and in real time. It designs products with minimal requirements to reduce acquisition costs and to gather customer data that improves underwriting and product fit. The account and corporate card products are broadly accessible, while loans require qualification and data sharing. Kredito launched to the public in 2021 and has grown rapidly, signing up about 100,000 accounts with roughly 5,000 active users. The company reports 90% month-over-month revenue growth and has been operating lean while scaling its team to meet demand. Management plans to use new capital to consolidate growth in Chile and to internationalize by replicating underwriting and product strategies across other countries. Kredito is a Chile-based fintech that generates loans for small and medium-sized businesses by using AI-driven underwriting and alternative data. The company runs real-time proprietary algorithms to evaluate credit risk more inclusively than traditional banks and then connects approved SMBs with partner banks that issue the loans. Kredito monetizes by serving as lead generation for those banks, charging a small percentage for each loan it brings in. The startup launched in March of this year, trained its models on data from more than 10,000 SMBs while in beta, and today has more than 2,000 active SMBs on the platform. It is developing a debit card product that it expects to release in the next couple of months and is pursuing a product-by-product fintech strategy rather than becoming a full bank. The company emphasizes strong customer service as a competitive advantage versus traditional banks in the region.

Total raised

$10M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2022