AltScore Raises $8.5M in Series A Funding to Empower SME Lending Across Latin America

AltScore has successfully raised $8.5 million in Series A funding, led by Haymaker Ventures. The round also includes continued support from existing investors: Kamay Ventures, BuenTrip Ventures, Caffeinated Capital, FarOut Ventures, and TechStars.

We founded AltScore on the principle that every small and medium-sized enterprise (SME) in Latin America deserves access to fair and timely credit. Our platform is the infrastructure enabling B2B companies to launch lending products quickly — allowing enterprises to become fintech lenders within weeks rather than months.

Major regional clients including Coca-Cola utilize AltScore’s credit infrastructure to deliver digital lending solutions to underserved SME customers.

Phin Upham, Managing Partner at Haymaker Ventures, commented:

AltScore represents the future of embedded finance. Their AI capabilities and regional expertise are distinguishing factors in a rapidly evolving market.

We’re grateful to our investors and stakeholders for their continued confidence in our mission. This funding will help us improve financial inclusion through technology, and we’re actively recruiting talented individuals to join us in advancing credit technology and AI development in Latin America.