Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

IGNIA invests in peer-to-peer lender Afluenta



The Mexican fintech revolution rolls on.

The Mexico-based venture capital fund IGNIA made an undisclosed investment in Afluenta, an online platform based in Argentina, to spur its expansion in Mexico.

Afluenta facilitates lending between individuals and businesses to fill a gap in lending for the emerging middle class in Argentina and other parts of Latin America.

Investors can invest as little as $335, while borrowers vetted by Afluenta can apply for loans up to $4,700. Afluenta’s 650,000 users have transacted more than $25 million.

Afluenta raised $8 million last year from the International Finance Corp. and impact investor Elevar Equity. Fintech startups could capture 30% of Mexico’s banking market within 10 years.

You might also like...