NEW YORK – April 7, 2016 - Digital Capital Advisors, LLC ("DCA") is pleased to announce they have served as financial advisor to Afluenta Credito Humano (“the Company”), a leading Latin American based peer lending network, in their series B fundraising from International Finance Corporation (IFC) and Elevar.
Afluenta seeks to disrupt the traditional financial services industry by cutting out middlemen and using proprietary technology to transform the process of applying for a loan, thus facilitating access to financing. The Company offers borrowers a simple, affordable and less bureaucratic experience, while delivering better yield for individual and institutional lenders.
“Afluenta is uniquely positioned to lead the emerging class of innovative FinTech companies in Latin America. Already a leader in Argentina, Afluenta will expand marketplace lending to multiple countries in the region and disrupt traditional models for loans and investments, making these services more accessible and affordable to millions of people” said Johanna Posada Gil, Co-Founder at Elevar Equity.
“Afluenta has built a world-class technology and solid track record in the challenging Latin American economies to demonstrate that the peer-to-peer business model works and effectively delivers value to both borrowers and lenders.” said Salem Rohana, IFC Country Manager in Argentina, Chile, Paraguay and Uruguay. “This investment in Afluenta reflects IFC’s interest in supporting innovative business models in the region to improve access to finance for companies and individuals.” Afluenta represents IFC’s first global investment in a peer-to-peer industry.
A pioneer in the region, Afluenta plans to use the proceeds of the Series B financing to accelerate their network expansion across Latin America. Afluenta plans to launch new services in Mexico, Colombia and Brazil in the next 12 months to become the first pan-regional player of this new and disruptive alternative financing.