Rayo Credit Colombia
Quick and easy mini-loans with no paperwork, catering to your short-term financial needs.
Quick and easy mini-loans with no paperwork, catering to your short-term financial needs.
Rayo Credit Colombia is a fintech startup offering quick and accessible mini-loans across Latin American countries. Founded in 2013 by the Arce brothers, the company has garnered attention for its ability to provide short-term financial assistance without extensive paperwork. The loans, typically repaid within 45 days, cater to individuals looking to avoid long-term debt commitments. In 2019, the company received a $1.50M investment in a Seed Round from Dale Ventures F.Z.E, signaling confidence in its market potential and business model (01 November 2019). This investment is expected to reinforce Rayo Credit Colombia's position in the finance and financial services industry.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | $1.50M | 1 |
|
01 Nov 2019 |
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