ImpactAlpha, April 4 – Visor analyzes credit and sales data reported by large companies to Mexico’s tax authorities as an indicator of small businesses’ creditworthiness and works with companies and lenders to structure loans.
- Financing gap… Less than 10% of small businesses in Mexico have access to traditional bank loans (dealing a major blow to Mexico’s overall economic productivity, according to McKinsey).
Instead, large companies provide between 65% to 80% of small business credit in Mexico, Fabrice Serfati from venture capital firm IGNIA’s tells ImpactAlpha.
- Mexico City-based IGNIA… led Visor’s financing round, with participation from AMEX Ventures and ALLVP. Visor says that since 2015 it has supported more than M$160 million (US$8.7 million) in lending to about 430 small businesses.