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R2 raises $15m in Series A funding

Latin America based embedded lending startup raised $15m in Series A funding led by Gradient Ventures.

β€œIn Latin America, 87% of credit demand by small businesses is unmet – in tough times like these, capital becomes even more scarce. But technology platforms such as POS systems, payment processors and marketplaces have accumulated reams of underwriting-rich data, paving a new road to reach these small and medium businesses.”

Tags

lending, latam