Participated · Seed · Aug 2024

Aviva offers loans generally between $100 and $1,000 to individuals and small businesses, primarily serving informal-economy customers outside major metropolitan areas. Customers apply through videoconference bots at physical kiosks and applications are evaluated in minutes using AI models that analyze behavioral and identity signals. The company currently operates in more than 300 small and mid-sized cities across 23 Mexican states and reports over 300,000 completed kiosk application processes. Aviva’s product lineup includes a working-capital loan for microbusinesses and a point-of-sale consumer credit product deployed through kiosks inside retail stores. Founded in 2022 by Filiberto Castro, David Hernández, Amran Frey and Israel García, the company has raised $34 million in capital and more than $80 million in credit lines to date. Aviva aims to reach an addressable market of over 50 million adults with limited access to banking services and plans to use recent funding to expand locations, products and technology staff.

Participated · Equity · Oct 2023

Finerio Connect is a Mexico City–based fintech that builds an open finance platform and API hub to enable compliant sharing, aggregation and analysis of financial data. Founded in 2018 by co-CEOs Nick Grassi and José Luis López, the company pivoted to B2B in 2020 to white‑label its personal finance and data aggregation technology for banks and fintechs. Finerio works with over 120 financial institutions and fintechs and launched an API hub with Visa and OzoneAPI offering digital payments, credit and personal finance management. Usage of the API hub grew 700% in the past 18 months, and the company reported over $1 million in annual recurring revenue last year. The company charges a minimum usage fee plus a variable fee based on data consumption. Finerio plans to expand its API hub into two additional countries and convert existing pilots with multiple banks into customers. It has already used part of the new funding to hire a chief technology officer and scale product and usage.