Peruvian car leasing platform Leasy, raised a $25M debt funding round led by Lendable.
With these funds, the company aims to strengthen its operation and increase its car purchase volume.
“In 2023, our goal is to place between 30 and 50 vehicle credits MoM in Peru and double our operations in Mexico, which is our main market,” said Leasy’s CEO, Gregorio Gilardini.
Gregorio Gilardini and Alejandro Garay founded Leasy in 2018 with the mission to help ride-hailing drivers buy their own car. The company uses algorithms to analyze drivers data to grant or deny the credit. Leasy closed a partnership with Uber and is working to streamline credit requests by taking the drivers data directly from online platforms.
To date, Leasy has underwritten over 550 vehicle loans with a 97% collections rate.
Read more on Forbes Peru.