Endeavor

Kubo financiero is a regulated microfinance institution that provides accessible and affordable loans to borrowers in Mexico. Ranging from US$400 to $4,100, these loans can be used for working capital, fixed assets, education fees and supplies, and pre-payment for other loans that have higher interest rates. Kubo operates in Mexico, which has one of the highest average interest rates in Latin America. Kubo uses an online platform and branchless banking to significantly reduce the cost of lending. Because the microfinance market is Mexico is very large, the organization is able to access a growing amount of data about borrowers and their credit histories. Kueski is the leading online micro-lending platform for Mexico and Latin America. The first company in Mexico to offer consumer loans purely over the Internet, the company recently closed a $35 million round of equity and debt funding – the largest capital funding in Mexico for a fintech startup. The $10 million equity investment was co-led by investors Richmond Global Ventures, Rise Capital, CrunchFund and Variv Capital, with participation from Endeavor Catalyst. KUBO FINANCIERO Vicente Fenoll Algorta, Founder & CEO | Alicia Ortiz Cabo, Project Manager KUESKI Adalberto Flores, Cofounder & CEO LenddoEFL offers leading alternative credit scoring, identity verification and insights products to financial institutions in more than 20 emerging markets. To date, LenddoEFL has allowed more than 50 financial institutions to run over 6 million assessments for people with limited information, allowing them to disburse over $2 billion USD in credit. Using LenddoEFL's psychometric scores, which take into account knowledge, abilities, attitudes, and personality traits, bank partners report that they have lowered default rates by 40% while increasing loan volume. LENDDOEFL Richard Eldridge, CEO of Lenddo In case of questions, please contact Ida Tsutsumi Acuna at: +1.914.815.3441 / ida.tsutsumiacuna@endeavor.org

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