Quipu is a fully digital, AI‑driven credit platform for informal workers and micro‑entrepreneurs in Colombia. It evaluates borrowers using daily income patterns, transaction data, and visual proof of work, allowing loans from $500,000 up to $10 million without collateral or a traditional credit history, and builds a formal credit record through its proprietary Quipu Score.
Funding
$3.9M 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
Informal workers and micro‑entrepreneurs in Colombia often cannot obtain credit because traditional banks require formal documentation, collateral, and a clean credit history. This exclusion limits their ability to grow their daily‑income activities, known locally as “camello.”
Solution
Quipu offers a fully digital, AI‑driven credit platform that evaluates borrowers based on their daily work activity, income consistency, and visual evidence (photos or videos) rather than traditional credit scores. Applicants can request a loan as low as $500,000 and, by demonstrating timely repayments, automatically increase their credit limit up to $10 million through a “credit ladder.” The entire process—from identity verification to disbursement—occurs online without paperwork, guarantors, or physical visits. Quipu also provides a proprietary “Quipu Score” that builds a formal credit history for users, enabling future financing and higher limits.
Target Audience
Quipu targets informal workers, street vendors, gig‑economy providers, and micro‑business owners in Colombia who earn a daily income (“camelladores”) and lack access to conventional banking credit.
Features
- AI‑based underwriting that analyzes daily income patterns, transaction data, and multimedia proof of work to assess creditworthiness, even for users with negative credit reports.
- 100 % digital onboarding: mobile app registration, document upload, and instant identity verification.
- Tiered credit ladder: start with $500 000 and automatically unlock higher limits up to $10 million based on repayment behavior.
- No collateral or co‑signer required; a 25 % fianza (guarantee) with IVA serves as the risk buffer.
- Transparent cost structure: interest rate of 28.71 % EA (≈2.13 % MV) plus optional electronic signature fee; all fees disclosed before approval.
- Real‑time loan status and repayment management through the app, with multiple payment channels (Wompi, Nequi, Daviplata, Bancolombia, Davivienda).
- Referral program that rewards users with $20 000 for each new borrower they bring to the platform.