AltScore Raises $8.5M in Series A Funding to Expand AI-Driven B2B Credit Infrastructure
AltScore is committed to democratizing access to credit for SMEs across Latin America.
Company Name: AltScore
Location: Cuauhtemoc, Mexico, and Washington, DC
Sector: AI, Fintech, B2B Credit Infrastructure
Funding Details: Raised $8.5 million in Series A funding, led by Haymaker Ventures, with participation from Kamay Ventures, BuenTrip Ventures, Caffeinated Capital, FarOut Ventures, TechStars, and others.
Purpose of Investment: The company intends to use the funds to expand operations, further its development efforts, and accelerate its mission to provide fair and timely credit access to small and medium-sized enterprises (SMEs) in Latin America.
Product and Innovation: Led by CEO Andrés Pérez, AltScore provides an AI-driven credit infrastructure platform that enables B2B companies to become fintech lenders. Through AltScore's platform, enterprises can offer fully digital lending products to their SME customers, helping them gain access to credit that they may not otherwise qualify for through traditional banking. Some of the largest enterprises in Latin America, including Coca-Cola, use AltScore as their credit infrastructure partner to provide digital lending solutions to millions of underserved SMEs.
About the Company: AltScore is committed to democratizing access to credit for SMEs across Latin America. By leveraging AI to analyze alternative data and automate the lending process, the platform empowers B2B enterprises to transform into fintech lenders, offering flexible, accessible, and fair credit solutions to underserved markets.
