Kashin is a fintech company providing microcredit solutions to the emerging economy in Latin America, with a focus on micro-merchants and individuals operating in the informal sector. Kashin leverages a proprietary AI-driven risk model to underwrite small loans, helping underserved populations access much-needed credit.
With over 10,000 users and nearly $2 million in annualized revenue, Kashin’s platform primarily serves micro-entrepreneurs and informal workers in regions such as Peru and other parts of Latin America. Their AI risk assessment processes more than 250 variables from users’ smartphones and credit bureaus, enabling more accurate lending decisions where traditional credit models often fall short.
Kashin’s approach is distinct in its use of alternative data and mobile technology to reach a market segment typically excluded from formal financial services. By focusing on the informal economy, Kashin aims to support financial inclusion and economic opportunity for those without traditional banking access.
What Technology Enables Kashin’s Microcredit Platform?
Kashin’s core technology is its proprietary AI risk model which assesses creditworthiness using a wide range of data points. This model analyzes over 250 variables, including:
- Smartphone usage data
- Credit bureau information
- Behavioral and transactional patterns
This approach allows Kashin to underwrite loans for individuals and small businesses who might not have established credit histories, significantly expanding access to credit within the informal economy.
Who Are Kashin’s Competitors in the Latin American Microcredit Space?
Kashin operates within the growing fintech and micro-lending sector in Latin America. Notable competitors and adjacent organizations include:
- FINCA: An established microfinance organization enabling access to microloans across Latin America.
- BSCH (Santander): Major banking group with large-scale microlending operations in the region.
- Grupago: A fintech startup focused on digital microcredit for small businesses.
- Quipu Market: Provides loans and financial services to entrepreneurs via an online marketplace.
- Pro Mujer: A nonprofit supporting women entrepreneurs with microfinance in Latin America.
- EcoMicro: Focuses on green finance products for micro, small, and medium-sized enterprises.
These organizations differ in their technology stacks, target demographics, and geographic focus, but all contribute to expanding financial inclusion in Latin America.
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