Kueski achieves 10m loans disbursed
By Leandra Monteiro
Kueski, the online financial ecosystem for consumers in Mexico, announced that it has disbursed a record 10 million loans.
With more than 1.8 million customers and more than $1.6 billion in loan transactions, this marks an important milestone for the company on its mission to expand access to traditional financial services and products for Mexican consumers.
Founded in 2012, the company has become a market leader in Mexico for buy now, pay later (BNPL) and online consumer lending. It uses AI and Machine Learning-powered credit decisioning models to expand access to financial products and now serves customers via Kueski Cash, a cash loan product, and Kueski Pay, its BNPL solution.
“Since Kueski’s inception over a decade ago, we have been committed to improving the financial lives of consumers. It is incredible to see that we have now had an impact on 1.8 million customers, with most of them choosing Kueski for their first-ever financial experience,” said Adalberto Flores, Founder and CEO. “Our goal is to be the go-to provider of innovative financial solutions that meet consumers where they are, no matter how far along on their financial journey.”
Kueski is mission-driven to improve the financial lives of Mexicans, and the data shows the company is succeeding. More than 50% of users say it has provided them with their first financial services experience, and through the use of the Kueski Cash and Kueski Pay products, more than 40% of customers say that they have been able to access other types of financial products thanks to the credit history built using Kueski.
In addition to this loan landmark, the company celebrated its 10-year anniversary in December of 2022. It is one of the largest buy now, pay later (BNPL) and online consumer lending companies in Latin America, providing financial services to consumers and connecting the Mexican economy through its innovative product ecosystem.
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