FinTech news in Kredito category

When we profiled Kredito last year, Sebastian Robles, co-founder and CEO, told journalist that business credit didn’t automatically come with an account, leaving business owners to use personal credit cards. The company launched to the public in 2021 and partners with financial institutions to help small businesses with their spend management, access digital unsecured loans, open a bank account and obtain a business credit card. Instead, Kredito takes on that risk by using a proprietary algorithm and alternative data to evaluate credit risk more inclusively than traditional banks, and in real time, Robles said. Robles intends to use the new capital to expand into new countries and consolidate its growth in Chile.