Mexican fintech Finsus announced that it purchased Distrito Pyme‘s platform and technology to launch Digital Credit Pyme.
With the acquisition, Finsus seeks to enter the digital lending market for SMEs in Mexico.
Distrito Pyme’s platform helps Mexican SMEs apply for credit in a fast and paperless way, with a credit analysis algorithm that offers credit options to its users. To date, Distrito Pyme has more than 20,000 credit applications.
Finsus projects to place $540M in digital credit products over the next 5 years.
Read more at Latam Fintech.
