Dear AltScore Community,
Today we share a significant milestone in AltScore’s journey, one that reflects the hard work and dedication of our entire team and the unwavering support of our partners. I’m excited to announce that we have successfully raised $8.5 million in our Series A funding round, led by Haymaker Ventures. We’re also grateful for the continued support and belief in our mission from our existing investors including Kamay Ventures, BuenTrip Ventures, Caffeinated Capital, FarOut Ventures, TechStars, and others.
After witnessing outdated lending technology and a lack of data continue to hinder the economic mobility of millions of small business owners across the region, our journey began with a simple yet profound idea: every small and medium-sized enterprise (SME) in Latin America deserves access to fair and timely credit. B2B companies want to offer credit to their SME customers and suppliers, but launching and managing a credit product is expensive, complex, and time-consuming. That’s why at AltScore we built the Rails of Lending, enabling any B2B company to become a fintech lender in weeks. Some of the largest enterprises in the region, including Coca-Cola, use AltScore as their credit infrastructure partner to offer fully digital lending products to their millions of underserved SME customers.
This new funding is a testament to the impact we’ve made so far and the trust our investors have in the future we’re building. Haymaker Ventures, with its deep understanding of fintech and a shared vision for true financial inclusion, is the perfect partner to help us scale this vision. Their support, alongside that of our other incredible investors, strengthens our resolve to continue building AI-driven B2B Credit Infrastructure.
When discussing our company, Phin Upham, Managing Partner at Haymaker Ventures, believes "AltScore represents the future of embedded finance - a world where those with the best Artificial Intelligence offer the right customer the right product at the right time. Their proximity, technology, and expertise really distinguish them in the region. We at Haymaker know AltScore will change small business lending in Latin America."
Looking ahead, we remain committed to our mission of improving financial inclusion in Latin America through technology and innovation. We know the road is long, but with the support of our partners, our team, and our clients, we are more confident than ever in our ability to make a meaningful difference across the region.
As we enter this exciting new phase of growth, we are looking for passionate, driven individuals to join us in our mission. If you’re excited about the opportunity to shape the future of credit technology and artificial intelligence in Latin America, we encourage you to explore our open roles and apply to join our team.
Thank you for believing in us and for being part of this journey. We are just getting started.
With deep gratitude and optimism,
Andrés Pérez
CEO and Co-Founder, AltScore
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