Afluenta Gains $8M in Funding Round From VC Groups
Posted: Thu Mar 17, 2016 11:00 am
Afluenta, a Latin America peer-to-peer (P2P) lending network, has completed a Series B funding round worth a total of $8.0 million from a total of three separate entities, according to an Afluenta statement.
In particular, the Series B funding round constitutes investments from the International Finance Corporation (IFC), the private sector institution of the World Bank Group, and venture capital firm, Elevar Equity – IFC and Elevar Equity are investing $4 million each.
Afluenta has established itself as an key player in the Latin American FinTech space, particurally across the P2P and banking industry. The group’s aim has been to winnow ... (read more)