The startup provides credit access to underbanked individuals in Latin America by leveraging alternative data sources and machine learning algorithms for credit scoring. This enables small and medium-sized businesses to offer financing options to underserved populations, enhancing their financial stability.
Funding
$120K 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
Many underbanked individuals and small businesses in Latin America lack access to traditional credit due to limited credit history and reliance on manual, inefficient underwriting processes. This restricts their ability to make purchases, grow their businesses, and improve their financial well-being.
Solution
Luzverde provides a Buy Now, Pay Later (BNPL) platform that enables merchants and financial institutions to extend credit to underserved populations in Latin America. The platform uses alternative data sources and machine learning algorithms to automate credit scoring and risk assessment, providing instant approval for customers. Luzverde integrates a Know Your Customer (KYC) process with biometric validation to prevent fraud and streamline onboarding. The platform offers a customizable QR code system for easy customer access and a financial core for portfolio management and compliance.
Target Audience
The primary target audience includes merchants in Latin America looking to offer financing options to their customers, as well as financial institutions seeking to expand their reach to the underbanked population.
Features
- Automated credit scoring using alternative data and machine learning
- Instant customer approval process
- Customizable QR code generation for easy access
- Biometric validation for fraud prevention
- Integrated KYC (Know Your Customer) process
- Financial core for portfolio management and compliance
- 100% digital process from application to repayment
- Buy Now, Pay Later (BNPL) functionality