AlphaCredit is a non-bank financial institution that provides credit lines to individuals and small companies that are often underserved by traditional banks.
AlphaCredit provides credit lines to individuals and small businesses through a programmed deduction system usually in areas under-served by traditional banks or without access to other forms of financing.
AlphaCredit was founded in 2010 by Augusto Alvarez and Luis Orozco. The company is headquartered in CDMX, Zedec, Santa Fe, Mexico, with an office in Bogota, Columbia.
AlphaCredit ® has two major business lines, with technology being one of the most important pillars for its development:
Consumer loans in Mexico and Colombia, with the following products: 1) Loans to government employees in Mexico and Colombia, 2) Loans for pensioners and retirees in Mexico, and 3) 100% digital credits for independent professionals and private employees. Financing solutions for SMEs: 1) Factoring, 2) Leasing and 3) Working capital loans via digital.
AlphaCredit® we have more than 1,200 employees and operations in Mexico and Colombia. The company has granted over $1 billion in loans to more than 310,000 clients.
AlphaCredit has raised $125M in a Series B round on Jan 27, 2020. The financing is led by SoftBank’s Latin America Fund.