Short description
Quipu is an inclusive fintech developing fair, easy and alternative financial services for micro-businesses in informality in Latin America.
Description
Quipu is building the first digital bank for the informal economy in LATAM. Using proprietary AI algorithms, Quipu assesses informal microbusinesses’ creditworthiness using over 80,000 alternative data points. Quipu leverages this data to provide working capital loans through a local supply chain financing system that allows microbusinesses to buy supplies, ingredients and materials at wholesale price. The company is building an uncollateralized loan protocol to boost their loan operation. Quipu’s goal is to become the one-stop-shop for financial services for micro-businesses in LATAM providing easy, fair and alternative access to working capital.
Last funding
Noaccess
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Total funding
$$3123123
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Location
Bogotá, Distrito Especial, Colombia, South America
Founded on
June 25, 2019
Non-profit?
No
Acquired?
No
Employees count
11-50
Investors
Noaccess, Blurry Noaccess, Noway Youcantaccess, Noaccessforu, Uh Ohhhh, Nopepepe, Noaccess, Cannot Access, Noway Youcantaccess, Blurry Noaccess, Absolutely Noaccess, Noaccess, Nopepepe, Nopepepe, Noway Youcantaccess
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Founders
Mercedes Bidart, Viviana Siless