Fintech Funding News

Provenir Announces Its First Client in Colombia: Creci

Provenir Announces Its First Client in Colombia: Creci

Provenir and Creci partner to drive lending innovation, agility and credit risk management to provide social impact companies with faster access to funding

Provenir, a leading risk analytics software company, announced Creci as a new client. Creci is a Colombian-American FinTech specializing in providing credit to small businesses, both in Latin America and the United States, that generate social impact and are focused on achieving the Sustainable Development Objectives defined by the United Nations.

Creci—a new startup based in Hollywood, Florida, with offices in Medellin—chose Provenir to meet all of its credit risk decisioning needs. With Provenir, Creci will approve loans instantly through its digital platform and operationalize risk models in real-time using the integrations offered by Provenir, thus ensuring future business agility and growth.

Read More: Majority of Americans Would Consider Financial Products From a Tech Company Instead of a Bank or Credit Union

Andres Idarraga, CEO and Co-Founder of Creci, explained, “In order to develop our own risk decision models and, at the same time, meet our goal of empowering small businesses that generate social impact, we needed to digitize our processes. So, we are happy to be working with Provenir, an industry-leading technology company that works on solutions for leading FinTech and global financial institutions.”

Read More: More Baby Boomers Prefer Digital Tax Refunds Compared to Millennials

“We are very excited to have Creci as our first Colombian client using Provenir’s innovative platform; it will help manage not only their real-time risk decision processes but also ensure an openness to technology and a speedy market entry. Creci is a unique institution in its market, as it is 100% dedicated to financing projects with social impact. And I am sure that the growth of innovative companies in Latin America, such as Creci, offers a huge opportunity for Provenir and our region,” said Gaston Peralta, Director of Business Development for Latin America.

Related posts

Rachel Landrum Named Partner at Arriba Advisors

Fintech News Desk

DANA E-Wallet Is Now Available as a Payment Method for the App Store and Other Apple Services in Indonesia

Fintech News Desk

Every 8 Out of 10 Indians Want a Tax on the Rich & Companies Profited During a Pandemic: Fight Inequality Alliance Survey

Fintech News Desk
1