Kamina
Kamina provides KaminaPay, a point-of-sale installment credit platform in Ecuador that lets merchants offer "buy now, pay later" options without absorbing default risk. The company handles underwriting, risk, and collections, paying merchants within seven business days, while a companion app provides financial coaching to borrowers. Kamina reports that affiliated merchants see up to 35% higher average tickets and 4x higher repurchase likelihood.
- Financial Technology
- Retail Technology
- Software Only
- Artificial Intelligence
Funding
Founders
Founder details are not available yet.
Product
Problem
Many consumers in Ecuador lack access to credit cards or formal credit, pushing them toward informal lenders or preventing them from making higher-value purchases. Merchants lose sales when customers cannot pay in installments, and traditional credit offerings often fail to support responsible borrowing behavior, leading to delinquency and mistrust.
Solution
Kamina provides KaminaPay, a point-of-sale installment credit platform that lets merchants sell products on a "buy now, pay later" basis without absorbing default risk. KaminaPay handles credit underwriting, risk absorption, and the full collection cycle, while merchants receive payment within seven business days. The platform also includes a behavioral financial coaching app that guides users through their credit lifecycle, helping them understand their obligations, stay current, and access additional credit. This model aims to increase merchant sales by up to 10 times, raise average ticket size, and build recurring customer loyalty through a supportive credit experience.
Target Audience
Primary customers are merchants and retail businesses in Ecuador seeking to increase sales through installment credit, and financial institutions looking to offer direct credit at the point of sale with responsible lending support.
Features
- Fully managed credit risk: Kamina absorbs credit risk, and merchants always receive the full sale amount
- Capital within 7 business days after each sale
- Point-of-sale credit placement without intermediaries, including options for interest-free installments or direct credit
- Behavioral financial intervention app that accompanies customers from origination through the entire credit lifecycle
- Embedded AI for personalized, measurable regulatory compliance regarding financial education
- Plug & play integration with financial institutions' apps or websites, including AI insights and gamified education academy
- Tools to increase average ticket size, inventory turnover, and repeat purchases; merchants report up to 35% higher average tickets and 4x higher repurchase likelihood