Camino Financial, a Los Angeles, CA-based AI-powered group lending platform providing inexpensive credit score and wealth constructing options to ignored entrepreneurs, closed a $150m debt facility.
Group Funding Administration (CIM) offered the financing.
The credit score facility might be invested in offering revolutionary debt financing for these certified U.S. micro-businesses and can create a scalable impression inside these underserved segments.
Led by Sean Salas, Chief Government Officer, Camino Monetary is an AI-powered group lending platform that provides inexpensive credit score and wealth constructing options to ignored entrepreneurs. The corporate builds proprietary credit score evaluation and information aggregation AI to determine, value and supply inexpensive loans tailor-made to credit-invisible, cash-heavy companies.
The corporate has supporting places of work in Mexico Metropolis, Mexico and Bogota, Colombia.