Quipu

Colombiafintech

Quipu is a Colombian fintech startup that provides microcredit solutions to micro-businesses and entrepreneurs in Latin America who are excluded from the traditional financial system. The company uses artificial intelligence and alternative data to evaluate creditworthiness, considering factors such as consistency, daily activity, and entrepreneurial drive rather than conventional credit history. Its main offering is small loans starting from COP 300,000, with the ability to increase credit limits based on good repayment behavior, and it also helps users build a credit history. Quipu targets micronegocios in Colombia and broader Latin America, and has served over 300,000 people who have qualified for its credit products. The startup has raised approximately $4.6 million in total capital, including a $1.1 million pre-Series A round and a $300,000 bridge round, with participation from Impacta VC, Decelera, Vertical Partners, Corteza Capital, and Comfama.

Website

Key people

• Mercedes Bidart Co-Founder and CEO