Kiwi, a fintech company building AI-powered financial tools for underbanked Latinos in the U.S., secured a $100 million credit facility from Community Investment Management (CIM). This financing follows the company’s $8 million Series A earlier this year and will accelerate its mission of expanding access to responsible credit for underserved Latino communities nationwide.
“We are very excited about partnering with CIM given our aligned mandates of promoting impact and economic mobility to underbanked consumers,” Mariano Sanz, co-founder and CEO of Kiwi, said. “Access to credit is about promoting possibilities, and AI is helping us deliver this reality for millions excluded from traditional financial products.”
With this new capital, Kiwi will expand into additional states, launch new products, and scale its platform to reach millions of consumers.
“Kiwi is filling an important gap in the market, providing simple and transparent access to capital that builds credit history,” Jacob Haar, managing partner of CIM, said. “This partnership is a meaningful step toward giving minority communities better access to financial opportunities.”
