Apurata offers a digital platform that provides quick, unsecured personal loans ranging from S/100 to S/1,000, with funds disbursed to bank accounts in as little as 29 minutes. This service addresses the financial needs of 200 million underbanked Latin Americans by enabling immediate access to credit without the requirement of collateral or upfront payments.
Funding
$240K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Millions of underbanked individuals in Latin America lack access to quick credit due to the absence of collateral or upfront payments typically required by traditional lenders. This limited access restricts their ability to address immediate financial needs.
Solution
Apurata is a digital lending platform that provides unsecured personal loans, ranging from S/100 to S/1,000, disbursed directly to a user's bank account in as little as 29 minutes. The platform leverages a proprietary scoring algorithm, allowing users without a credit history to apply. Apurata also offers a "buy now, pay later" service called aCuotaz, enabling e-commerce purchases to be financed in installments without a credit card.
Target Audience
Apurata primarily targets underbanked individuals in Latin America who need quick access to small personal loans, as well as e-commerce businesses looking to offer financing options to customers without credit cards.
Features
- Loan amounts from S/100 to S/1,000, accessible to new customers
- Funds disbursed to bank accounts in as little as 29 minutes
- Loan repayment terms of up to 8 installments, due every 15th and 30th of the month
- Instant loan approval or denial decisions
- Online application process, accessible via mobile or computer
- aCuotaz service enables e-commerce purchases to be financed in installments
- Payments accepted at BCP, BBVA Continental, Interbank, and via bank transfers
- Secure platform with encrypted data transmission