Grupago
Latest round
- Seed
Last raised
- Mar 2024
Total raised
- $4.3M
Investors
- 4
About Grupago
Based in Mexico, and founded in 2023, Local Mercado Comunidad, SA de CV, doing business as Grupago operates as a digital loans to small businesses in Latin America. The company use fancy computer technology, groups of people promising to pay back loans together, and reaching out to local communities to help businesses get the money people need. Grupago is a digital microcredit platform designed for small enterprises in Latin America. The company uses artificial intelligence, group endorsement, and community distribution to provide low-cost finance to entrepreneurs who are typically excluded from traditional loan institutions. Grupago assesses and underwrites small loans using artificial intelligence, as well as nontraditional data sources. The company hires online community leaders to organize lending groups in local communities, allowing them to reach clients in remote or otherwise inaccessible places.
Who invested in Grupago
4 investors across 1 round
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Funding rounds
Seed
Mar 12, 2024
Amount
$4.3M
Investors
Questions about Grupago
Who invested in Grupago?
Grupago has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Grupago raised?
Grupago has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Grupago last raise money?
Grupago's most recent round on record is a Seed, in Mar 2024.
What does Grupago do?
Based in Mexico, and founded in 2023, Local Mercado Comunidad, SA de CV, doing business as Grupago operates as a digital loans to small businesses in Latin America.
Where is Grupago headquartered?
Grupago is headquartered in Mexico City, Mexico.
Which VCs invest in companies like Grupago?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at Grupago's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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