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Synopsis
QED Investors, a venture capital firm, led a $45m Series B round in Aplazo, a buy now pay later company. “The entire organization has AI embedded in your DNA and it’s something that [brought] tremendous efficiency in the last year. For context, we’ve cut our delinquency rates by half while [during] the same period, we’ve more than 3x’d the business. That was definitely possible because of our ability to use AI to underwrite each transaction,” Angel Peña, Aplazo CEO.
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