Latin American marketplace lender Afluenta has completed an $8 million Series B round. Elevar Equity and the International Finance Corporation, the World Bank Group’s private sector institution, invested $4 million each.
The funds are allocated toward expansion toward new services in Mexico, Colombia and Brazil.
“Afluenta is uniquely positioned to lead the emerging class of innovative fin-tech companies in Latin America,” Elevar Equity Co-Founder Johanna Posada Gil said. “Afluenta will expand marketplace lending to multiple countries in the region and disrupt traditional models for loans and investments, making these services more accessible and affordable to millions of people.”
Elevar backs entrepreneurs focused on underserved communities.
Afluenta was founded by Argentinian entrepreneur Alejandro Cosentino.