Thursday, July 3, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News South America

Mexican fintech, Aviva that makes loans as easy as a video call, raise $2.2M

Femi Thomas by Femi Thomas
12/22/2022
in South America
0 0
0
Aviva Mexico

Aviva Mexico

0
SHARES
Share on FacebookShare on Twitter

Aviva,  a Mexican-based fintech startup focused on bringing working capital to unserved communities has raised $2.2 million.

The pre-seed was led by Wollef Ventures, joined by Newtopia VC, Seedstars International Ventures, 500 Startups, Magna Capital VC, Xtraordinary VP and a group of angel investors.

Aviva’s approach uses artificial intelligence and natural language processing to match customers’ spoken words to the fields of a real-time credit application.

Within minutes, customers can qualify for a nano-business or house improvement loan of up to $1,000.

The company makes money from financing the interest on the loans but can charge less than current banks. Average interest rates in Mexico can get as high as triple digits, but Aviva can charge around 80%.

Aviva launched its product in November with 10 employees and has three kiosk locations where more than 500 customers have passed through since.

 The kiosks are located in Chalco de Díaz, Ixtapaluca, and Texcoco, towns about an hour’s drive from Mexico City.

 CEO Castro said that the company is also seeing a lower percentage of loan delinquencies than initially thought.

With that new capital, Aviva is going to invest in building out its credit and underwriting system, preparing to launch the company’s own credit card, and expanding its kiosks.

 

Read more on Tech Gist Africa:

Mexico City-based Perfekto raises $1.1M

Mexico-based Supply chain startup Alima raise $1.5M

Mexico-based MEDU closes $4M

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Femi Thomas

Femi Thomas

Related Posts

Moove Nigeria
Acquisition

Moove, a Nigerian fintech company, has expanded into Latin America through the acquisition of Kovi, a Brazilian mobility startup

by Tech Gist Africa
02/15/2025
0

Moove, a global leader in mobility solutions, has announced the acquisition of Kovi, an urban mobility provider headquartered in São...

Read more
TideWise Brazil

Brazil’s TideWise secures $1.9M

10/30/2023
Wareclouds Chile

Chilean startup Wareclouds secured $2M

10/20/2023
Bia Colombia

Colombia Based Bia raises $16.5M

10/15/2023
Maqui Colombia

Colombian startup Maqui raises $1.5M

10/15/2023
Next Post
EnginZyme Sweden

Sweden’s EnginZyme bags €21M

Upstream London UK

London-based mobile marketing company Upstream bags €14M

VMRay Germany

Germany-based VMRay raises €32M

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.