Kredi, a mortgage credit platform, raises $2M for Mexico expansion

LatamListKredi, a credit platform, raised a $2M funding round led by Liquid2 Ventures and Emles Venture Partners to expand its operations in Mexico.

Kredi operates as a marketplace for Mexicans looking for credit loans to assist with home buying and mortgages. The platform presents clients with a range of credit offers. They can then select the one that best fits their needs.

“The Kredi process is simple; clients go to the website and submit a credit request. We carry out a preliminary check with the credit bureau and then go to each of the banks to see if they would offer a loan, and present these to the client,” explained Javier Aldape, co-founder of Kredi.

The idea for Kredi came to Aldape after his own personal difficulties to access credit working in a previous startup. Aldape saw an opportunity in the property market, which is still largely overlooked.

Kredi was also selected for the Y Combinator accelerator program, which helped them to secure their first investment. With the new funding, Kredi aims to offer more credit lines in Mexico and also expand across Latin America.

Read more on Forbes.

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