Colombian startup Plurall has received an investment from Krealo, a move that promotes financial inclusion and supports innovation with artificial intelligence for micro-entrepreneurs in Latin America [69e13058]. Plurall offers essential tools for the growth of micro-entrepreneurs, including access to flexible microloans, a digital account, and a debit card for interest-free transactions. The company stands out for its innovative approach to credit approval, using data and AI to assess and grant loans. Plurall is also launching an Integrated Finance product for leading partners in electronic billing, e-commerce, and accounting. Krealo's investment objective is to add strategic value to Grupo Credicorp, strengthening operations, expanding into new areas and markets, and exploring cutting-edge technologies. Plurall sees Krealo as more than just an investor and recognizes their immense experience and value. Colombia is a significant hub for fintech companies in Latin America, making it an attractive market for investments and innovations. The details of the investment have not been officially released [69e13058].
Plaid, a fintech company that connects consumer bank accounts to financial applications, has expanded its services and grown its customer base. It now offers lending, identity verification, credit reporting, anti-fraud, and payments. Plaid has over 1,000 enterprise customers, including Venmo, SoFi, Chime, Rocket Money, H&R Block, Western Union, Affirm, Citi, and Shopify. The company's enterprise and traditional financial institutions growth is outpacing the rest of its business. Plaid's product lines for lending and credit are growing five times faster than its core account connectivity products. Plaid recently launched Layer, a product that streamlines the onboarding process for users. The company plans to go public but has not set a timeline.
Allfunds, a WealthTech B2B platform for the fund industry, has appointed Paola Rengifo as Global Head of Operations and Miguel Ćngel TreceƱo as Chief Data Officer [34ba8cd4]. Rengifo, who has 32 years of experience in the financial sector with JP Morgan Chase & Co., will be responsible for optimizing the global operational structure through innovation, automation, and the pursuit of synergies. TreceƱo, with over 20 years of experience in financial services and wealth management, will focus on digital transformation and maximizing the use and value of data at Allfunds. Both will report to Antonio Valera, COO of Allfunds. The appointments demonstrate Allfunds' commitment to attracting leading talent and fostering internal collaboration to benefit clients.