QUASH.ai raised $3.7M in a seed round led by HTwenty, G2 Momentum, and Q Capital Venture Capital. Other angel investors, including Barak Kaufman from Insight Partners and Alex Porto from Riverwood Capital, also participated in the round.
QUASH.ai’s platform, powered by artificial intelligence, provides technology and insights to help traditional financial institutions assess creditworthiness and understand credit risks. The startup has pre-trained models for 14 financial products using data from over 30 million repayment events in 10 Latin American countries.
The funds will be used to expand the company’s services to more financial institutions in Latin America.
“We are dedicated to providing credit risk managers with the technology they need to make informed decisions and improve the lives of individuals and Small & Medium Businesses in Latin America,” said Yoel Gavlovski, CEO and founder of QUASH.ai.
Currently, QUASH.ai has more than 50 employees and serves clients in Mexico and Brazil. The company’s goal for this year is to help 100 financial institutions in achieving a 20% increase in credit originations without any additional risk.
Read more on Latam Fintech.
