Following regulatory approval, SoftBank has led a $125m series B round for the digital lender that was first announced earlier this year.
US-based digital lending platform AlphaCredit has completed a M$2.4bn ($125m) series B round led by telecommunications and internet conglomerate SoftBank’s Latin America Fund.
The round also featured a range of unnamed existing and new investors. The round was first announced in January 2020 but had remained subject to regulatory approval until last week.
Founded in 2010, AlphaCredit provides loans to consumers and small and medium-sized enterprises in Mexico and Colombia, focusing on clients underserved by traditional financial services firms.
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