Funding
Funding not disclosed
Founders
Product
Problem
Micro and small businesses in Latin America often face challenges in accessing capital and managing their finances due to stringent requirements and limited access to traditional financial institutions. This lack of access hinders their ability to manage cash flow, invest in growth, and sustain operations.
Solution
Junto provides sales-based financing solutions designed specifically for micro and small businesses, offering a streamlined process to access capital. Businesses upload their last six months of bank statements, and Junto's system evaluates their repayment capacity to provide advances ranging from $500 to $15,000 USD. Repayments are automated through daily debits from the business's bank account, with the repayment schedule tailored to the business's cash flow. This approach allows businesses to obtain working capital without strict credit history requirements, enabling them to manage their finances more effectively and invest in their growth.
Target Audience
The primary target audience consists of micro and small business owners and independent professionals in Latin America seeking accessible and flexible financing solutions.
Features
- Sales-based financing with amounts ranging from $500 to $15,000 USD
- Automated daily repayments debited directly from the business's bank account
- Flexible repayment schedules tailored to the business's cash flow
- Online application process requiring only six months of bank statements
- Evaluation of repayment capacity based on business's sales and banking activity
- No strict credit history requirements