|Asset Classes||Private debt|
|Impact strategy||Financial Inclusion|
|Aligned with SDGs|
With 4.5 million small and medium-sized enterprises (SMEs), Mexico is the second largest SME market worldwide, after India. Only half a million, or a little over 10%, of these businesses have access to formal credit. This means there is a largely untapped market. Financial technology (fintech) plays a crucial role in addressing this challenge, in which companies use technology to provide financial services in an efficient, agile and reliable way. Among the innovative fintech players in Mexico is Bien para Bien, which uses a ‘tech and touch’ approach to provide loans to SMEs that are unserved or underserved by the financial sector.
The company provides efficient and innovative asset-backed business loans, ranging from USD 10,000 to USD 250,000. It leverages the benefits of this secured, asset-backed structure, together with a technology-driven commercial and operational approach, including the use of an online interaction platform/tool, in-house developed credit algorithms, and alternative data analysis procedures.