Nexu secures $20M investment to expand its financing platform

Car loan

Mexican fintech Nexu secured a $20M investment to expand its platform 

Nexu is a fintech focused on creating and maintaining a platform that allows car buyers to request and receive an instant decision on financing for their vehicle. Thanks to its own risk algorithm, Nexu claims to be able to approve more than twice as many buyers as traditional banks.

Nexu previously raised a $53M round from investors such as Fintech Collective, Endeavor Catalyst, Altos Ventures, among others. The startup also obtained a loan from HSBC, but the amount hasn’t been disclosed yet.

Read more on Latam Fintech

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