SoftBank’s Latin America Fund led a $125m series B round in AlphaCredit.

SoftBank’s Latin America Fund led a $125m series B round in AlphaCredit, a Latin American-focused FinTech platform that specializes in consumer lending and financial solutions for SMEs. “AlphaCredit provides fast, cheap credit lines to individuals and small companies via a programmed deduction system, which have low default rates thus allowing for low interest rates. Their approach is superior to everyone who belongs to their ecosystems and why we are so excited to back these awesome entrepreneurs who are changing the landscape in Mexico and Colombia,” Paulo Passoni, SoftBank Group International Managing Investment Partner.