RapiCredit

RapiCredit is a Colombian financial services startup founded in 2014 with a mission to promote financial inclusion and provide access to credit for Colombians and small and medium-sized businesses. They offer two main products: RapiFlex, where clients can request loans ranging from $100,000 to $1,000,000 with a minimum repayment period of five days and a maximum of thirty days, with the possibility to extend the term up to five times. The maximum loan amount for new clients is $200,000. The second product, RapiPlazo, allows clients to request loans from $300,000 to $400,000 with a repayment period of 3 or 4 fixed installments.

The latest investment in RapiCredit was a $7.00 million debt financing round led by ALMA on 16 November 2023. This investment signifies confidence in the startup's business model and potential for growth, especially in the Colombian market.

RapiCredit's dedication to providing convenient and accessible financial solutions aligns with the growing demand for fintech services in Colombia, positioning them as a key player in the industry. With the support of ALMA and the successful track record, RapiCredit has the potential to further expand its market presence and impact in the Colombian financial services sector.