Tienda Pago, a Mexico and Peru-based short-term credits lender, raised $12M in Series B funding.
The round was led by Women’s World Banking Asset Management, and IDC Ventures, with participation from Alumni Fund, Kaszek, QED, Agrega Partners, Accion Venture Labs, and Oiko Credit.
The company intends to use the funds to accelerate growth, expand operations and its business reach.
Led by CEO Dan Cohen, Tienda Pago is a fintech company that operates in Mexico and Peru, providing short-term credit to small convenience stores in the region to buy stock from established Consumer Good Companies and distributors. The company allows stores to receive stock for a week and pays those deliveries directly via bank transfer to the stock suppliers. Tienda Pago uses innovative mobile technology and business models to reach a financially underserved population to foster financial inclusion.
FinSMEs
12/10/2022