Mexican fintech Nexu secured a $143M credit line from HSBC.
Nexu provides AI-powered automotive financing with a focus on consumers with limited credit histories. Its digital platform uses data-driven risk assessment to deliver real-time credit decisions.
With the funds, Nexu will finance more than 10,000 vehicles through Nexu’s partner automakers, increasing access to credit for consumers across the country.
Nexu works with more than 1,000 dealerships representing about half of Mexico’s automotive market and has originated more than 20,000 auto loans.
