QUASH.ai Receives $3.7 Million Investment to Expand Reach in Latin America
QUASH.ai, the leading Artificial Intelligence Platform for Improving Credit Origination for financial institutions in Latin America, has received a $3.7 million investment. The new capital will enable QUASH to expand its reach and provide its services to over 1,000 financial institutions in the next three years.
The QUASH platform is designed to tackle the issue of inaccessible credit for many individuals & Small & Medium Businesses in Latin America. According to CEO Yoel Gavlovski, 8 out of 10 people in the region do not meet the quality standards for obtaining credit with favorable interest rates and conditions. However, with the increasing use of alternative data sources, at least 4 out of these 8 individuals are now eligible for some form of loan.
Photo courtesy of geralt.