Mexican fintech R2 partnered with TUU to launch TUU Crédito, a credit solution for SMEs in Chile. This initiative introduces a flexible repayment structure based on a percentage of the business’ monthly sales.
“With this partnership, we aim to become a strategic partner that brings a full suite of financial solutions that help businesses to grow and consolidate,” said Nicole Revillot, Head of Growth of TUU.
R2 is an embedded lending platform that enables payment processors, POS systems, and marketplaces to offer financing to SMEs in Latin America. TUU is a brand of the Chilean startup Haulmer and provides a POS system that allows businesses to accept card payments.
TUU’s clients can request a loan by accessing the Espacio de Trabajo platform and filling out the application form. TUU Crédito has already supplied over 1,200 credits in 2023, with a total disbursement of over $5M.
Read more on TUU