Teu provides instant, fully digital personal and group loans in Mexico, offering credit amounts up to 40,000 pesos with flexible weekly repayment plans ranging from 16 to 36 weeks. The platform uses a quick approval process that works regardless of prior credit history and includes features such as real‑time loan simulation, low weekly interest rates starting at 2.3%, and multiple payment channels including bank transfers and convenience stores.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals and small businesses in Mexico lack access to quick, affordable credit, especially when they have limited or no formal credit history, making it difficult to fund growth or cover short‑term cash needs.
Solution
Teu offers instant micro‑loans of up to 40,000 pesos through a fully digital application that provides same‑day approval. Borrowers can choose repayment periods of up to 36 weeks, with weekly interest rates starting at 2.3 % and multiple payment channels, including bank transfers and convenience‑store deposits. The platform supports both individual and group lending, allowing users to scale their credit line as they demonstrate repayment reliability. Teu also reports repayment activity to credit bureaus, helping borrowers improve their credit scores regardless of prior credit standing.
Target Audience
Primary customers are Mexican consumers and micro‑entrepreneurs who need fast, low‑bureaucracy financing and want to build or repair their credit history.
Features
- 100 % digital loan application with instant approval
- Flexible repayment terms from 16 to 36 weeks and weekly interest from 2.3 %
- Loan amounts up to 40,000 pesos for both individual and group borrowers
- Multiple payment options: bank transfers, bank branches, and convenience‑store deposits
- Automatic credit‑history reporting to improve borrowers’ credit scores
- Simple renewal process to extend credit lines without extensive paperwork