AltScore is a fintech start-up that specializes in providing B2B lending infrastructure. Recently, the company secured an impressive $3. 5 million in seed funding to further develop its end-to-end Lending-as-a-Service (LaaS) solution.

This funding will allow AltScore to empower its B2B partners by enabling them to embed and deploy credit products seamlessly, while also ensuring that micro, small, and medium-sized businesses (MSMBs) in Latin America have access to fair and timely liquidity. AltScore's successful seed round includes funds from both the US and Latin America, as well as follow-on investments from previous Pre-Seed investors, angels, and fintech operators. The round was led by Far Out VC, with participation from prominent names such as Caffeinated Capital, Techstars, Unpopular Ventures, Kamay Ventures, BuenTrip Ventures, Lorimer Ventures, and CompuSoluciones Ventures.

Notable angel investors, including Miguel Fernández from Capchase, Uri Tintore from Belvo, and Tommy Nicholas from Alloy Financial, also contributed to the round. With their Alternative Data, Credit Scoring, and Underwriting products already in place, AltScore will utilize the funds to expand their offerings into an all-encompassing LaaS solution, incorporating modules such as Smart Collections, Loan Management, and Embedded Lending. AltScore is also planning to relocate its headquarters to Mexico as part of its expansion strategy.

AltScore has experienced extraordinary growth, with over 10 times increase in revenue year over year and a 34% compound monthly growth rate in the past 12 months. Going forward, the company will focus on solidifying its presence in the Mexican market and establishing itself as a leader in the LaaS space. Since its inception in January 2021 in Ecuador, AltScore has been committed to providing fair and efficient access to credit for underrepresented borrowers.

The company offers cutting-edge underwriting, alternative data, and scoring through its LaaS APIs. By embedding and deploying AltScore's credit products, businesses can enhance customer retention and overall customer lifetime value. Additionally, existing lenders can leverage AltScore's lending modules, such as Alternative Data for reaching underserved customers and Scoring Engine API for real-time credit risk decisions.

AltScore has recently moved its headquarters to Mexico, where it will focus its operations. The company serves clients across South, Central, and North America. For more information about AltScore and its offerings, visit their website at www.

altscore. ai. For any inquiries, you can reach out to Andrés Pérez, CEO/Co-Founder, at andres@altscore.

ai, or Mateo Semerene, COO/Co-Founder, at mateo@altscore. ai