SoftBank's Latin America fund has agreed to lead the digital lender's series B round, which is still subject to regulatory approval.
US-headquartered digital lending platform AlphaCredit agreed on Sunday to raise $125m in series B funding from a consortium of investors led by telecommunications and internet conglomerate SoftBank’s Latin America Fund.
The other participants in the round were not identified, AlphaCredit saying in a statement they include venture capital funds and existing investors. It has not revealed details of earlier equity funding but issued $300m in senior notes on the Singapore Stock Exchange in March 2018.
AlphaCredit issues loans to consumers…
