ImpactAlpha, April 9 – The Peruvian startup provides one-week lines of credit via mobile phone to small retailers in Peru and Mexico. Tienda Pago has supported 17,000 retailers since 2013. Tienda Pago’s model removes pressure on large companies to act as lenders to their suppliers.
- Working capital…The startup disburses funds directly to its partner companies, such as Coca-Cola, to cover shop owners’ inventory. The shop owners repay their loans as they sell their goods.
- Expansion capital…The Series A financing from Kaszek Ventures, QED Investors, Oikocredit, Accion Venture Lab and Agrega Partners will help Tienda Pago expand to other Latin American countries.
- In Mexico… fintech startup Visor scours such corporate lending records to help small companies secure loans.
