Baubap takes on US$20 million in debt to finance microloans in Mexico

Baubap offers micro loans ranging from $500 to 5,000 Mexican pesos (US$25 to US$258) through an Android-compatible mobile app. The company says it uses alternative data and a proprietary AI system to assess the likelihood of repayment. It has granted loans to 500 thousand people and expects to exceed 1.5 million in 2023.

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Atria gets $3M to offer pre-owned car credit lines to Mexicans

December 1, 2022

Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. Atria was founded in 2022 as a disruptive startup that is revolutionizing the pre-owned market by offering simple, transparent, and agile loans. Atria’s proposal is backed by a team that has in-depth knowledge of the sector and expertise in loans, risk management, analysis, and technology.

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Salesforce Buys for Automated Customer Service

September 22, 2023

Salesforce is buying, which builds low-code, AI-powered e-commerce customer service agents.  You might have thought Salesforce could already do that, but presumably Airkit does it better.  It doesn’t hurt that the company founders sold a previous business to Salesforce, the company was partly funded by Salesforce Ventures, and the product is already listed on AppExchange.  Price was not announced.

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