Kueski is a Buy-Now-Pay-Later (BNPL) and consumer lender in Mexico, that provides financial services for users who are ineligible for traditional bank loans.
Kueski has become the fastest growing platform of its kind in the region and has already granted thousands of loans.
Kueski was founded in Dec 7, 2012 by Adalberto Flores. The company is headquartered in Guadalajara, Jalisco, Mexico.
Kueski uses contextual data such as device information, real-time behavioral data and sociodemographic data, and many other types of data sources that are then analyzed by its artificial intelligence and machine learning technology to predict an applicant’s repayment ability.
Kueski has three products: Kueski Pay (BNPL), Kueski Cash (its inaugural offering focused on personal loans) and Kueski Up (interest-free earned wage advances). Currently, Kueski Pay is integrated with Walmart, and offers purchases from other retailers and services such as Kipling, VivaAerobus, Nautica and Xiaomi Shop.
Kueski is currently focused on the Mexican market, but it is planning to expand to other countries in Latin America in the future. The company has granted nearly 5 million loans online.
Kueski is backed by StepStone Group, Victory Park Capital, Altos Ventures, Cathay Innovation, One Prime Capital, Glisco, Richmond Global Ventures, Rise Capital, CrunchFund, and others. The company secured $202M in equity and debt financing on Dec 02, 2021. This brings Kueski's total funding to $300M to date.