SME INNOVATION CROWD-FUNDING: Channeling money to customers

SME INNOVATION CROWD-FUNDING: Channeling money to customers

Bonds

Latin American businesses have often found ways to fund projects without turning to banks. With a growing middle class and new technology that allows for old peer-to-peer lending schemes to be replaced by more secure sources, borrowers are gaining access to large pools of capital and lenders are finding returns they would never get from keeping money in banks. Calculating the risk of the loans is critical. New platforms combine traditional credit scoring with algorithms that gather data from social media and mobile technology to reduce the uncertainty. Loan requests that once seemed highly unlikely at banks have been approved, and proved profitable for the lenders.Chile’s Cumplo is a pi

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial