Kiwi is a digital platform that provides unsecured lines of credit and alternative credit builder programs specifically designed for Latinos in the US with limited credit history. By reporting payment activity to major credit bureaus, Kiwi enables users to establish and improve their credit scores while accessing personal loans quickly and securely.
Funding
$83.1M 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.
ACICFounders
Product
Problem
Latinos in the US often face challenges in accessing credit due to limited credit history, hindering their ability to secure loans and build a strong financial foundation. Traditional credit options may be unavailable or come with unfavorable terms, making it difficult for this demographic to establish creditworthiness.
Solution
Kiwi provides unsecured lines of credit and credit-builder programs designed specifically for the Latino community in the US. The platform offers access to personal loans with flexible installment payments, enabling users to quickly and securely access funds. Kiwi reports payment activity to major credit bureaus, allowing users to build or improve their credit scores. The application process is fully digital, and customer support is available to assist users throughout the process.
Target Audience
The primary target audience is the Latino community in the US with limited or no credit history seeking to establish or improve their credit scores and access personal loans.
Features
- Unsecured lines of credit up to $1,000
- Flexible installment payment options
- Reporting to TransUnion, Experian, and Equifax credit bureaus
- Fully digital application process
- 256-bit SSL encryption for data security
- Automated payments to help users stay on track
- Loan application does not impact FICO score