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Camino Financial, a digital SMB lender focused on the Latino community, closes $8m Series A round

Los Angeles based digital lending platform for small Latinx businesses raised $8m in Series A funding led by Crédito Real.

"Data is power, we are excited to be using our platform to build the largest pool of application and performance data on underbanked U.S. Latinx businesses," said Sean Salas, CEO of Camino Financial. "Armed with this information, we can build machine-learning models to help make credit and other financial solutions more accessible to this 'New Mainstream Economy.' Ultimately, we see a future where Latinx businesses expect finance companies to have omnichannel capabilities, so we've designed our technology for simple integration into corporate distribution partners with entrenched networks in the Latinx market."

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lending