Kredito banks $6M as the LatAm business lender eyes international expansion
Over a year after grabbing $4 million in pre-seed funding, Chile-based Kredito, a business lending startup, is back with another $6 million in new funding. The company launched to the public in 2021 and partners with financial institutions to help small businesses with their spend management, access digital unsecured loans, open a bank account and obtain a business credit card. Kredito analyzes risk by using a proprietary algorithm and alternative data to evaluate credit risk more inclusively than traditional banks, and in real time.