Quipu secures $1.1m bridge round led by Impacta VC
Impacta contributed $300,000 to the financing for the Colombian alternative-credit platform.
Quipu has secured a $1.1m pre-Series A bridge round led by Impacta VC, which invested $300,000. Decelera Ventures, Vertical Partners, Corteza Capital and Comfama also participated.
The Colombian fintech uses AI and alternative data to assess microbusiness borrowers who lack conventional credit histories. It combines lending with a scoring API for financial institutions.
The funding will support integration with more banks, digital wallets and cooperatives, expansion of its technology and data teams, and growth in Latin America.
Use of funds
Develop alternative credit-scoring API
Expand technology team and institutional partnerships