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Argentina online lending platform


An online platform Argentina investment loans received by US 8,000,000.


The Argentina company Afluenta, which brings together borrowers with investors, completed a round of financing which was $ 8 million to expand your web platform that comes to compete in the market with large banks Argentina.

The International Finance Corporation (an institution of the World Bank that invests in the private sector) and the bottom Raising Equity is financed in equal parts to become shareholders of the company, which already has a presence in the country of Peru and seek to expand into Mexico, Colombia and Brazil. But in the country, the next great leap in this system of peer to peer lending is to small and medium enterprises (SMEs).

There are many monotributistas and freelancers with low turnover not enter the radar of banks, said Alejandro Cosentino, founder and CEO of Afluenta, a platform in the sharing economy that stand out for immediacy in the use of technology. He added: That the product works, now you have to give scale.

The company already granted loans for almost $ 79 million, 3,562 loans and 1,916 investors who are operating today. Six of 10 applications cad enter after banking hours, and the record time of funding that was achieved was 33 seconds with an average age of 42 for applicants and 37 years for investors.
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