Investors in the Argentina-based P2P lender's round include the IFC and Elevar Equity, who invested $4m each.
Afluenta has operations in Argentina and Peru, and is planning to move into Mexico, Colombia, Chile, Uruguay and Brazil.
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 middlemen, via the use of proprietary technology to help transform the process of applying for a loan, broadening access to financing – Afluenta caters to both individual and institutional lenders. As a result of the influx of cash, Afluenta has stated that it will use the proceeds of the Series B financing to accelerate and continue its network expansion plan across Latin America.