Aflore

Aflore is a direct sales network for financial services for those outside of the formal banking sector.

Aflore links people recognized for their good financial management as a Counselor and offers them the possibility of referring friends and family for trusted loans.

Aflore was founded in 2013 by Ana Barrera & Manuel Jimenez. The company is headquartered in Bogotá, Colombia and in 2017 opened it's operation in Medellín, Colombia.

Aflore is built on informal loan networks, identifying people in the communities that are a model of good financial behavior and empowering them to be them who, on behalf of Aflore, distribute the credits within their circle of trust.

Aflore creates a direct sales channel enabled by trust and technology to bring simple loans to homes and businesses, through members of the communities that people trust.

 

Aflore has helped hundreds of people realize their financial aspirations through the disbursement of more than one thousand loans. While steadily increasing maximum loan size, they have been able to maintain late payment and default rates that are well below the market average. 

 

Aflore has rasised a total of $10.9M in funding, backed by Polymath Ventures.

 

 

  • Year founded: 2013
  • Funding Info: $10.9M in 7 Funding Rounds (Last Funding Type: Debt Financing
  • Yearly Revenue: NA
  • Employee Size: 11-50
  • Business Valuation: NA
  • City/Town: Bogotá
  • State: Cundinamarca
  • Country: Colombia
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