RapiCredit raised US$7M in debt investment
The Colombian online loan company RapiCredit, specializing in providing microloans to individuals without access to banking services, has secured a US$7 million debt investment from the U.S. fund Almavest. Originating from Medellín, RapiCredit has provided credit opportunities to more than 550,000 unbanked Colombians, with 36% of them becoming eligible to enter the traditional financial system after obtaining a loan from the company.