AI Community Lending Platform, Camino Financial secured $150 Million in Debt Financing
Camino Financial, a Los Angeles-based AI-powered community lending platform offering affordable credit and wealth-building solutions to overlooked entrepreneurs, has now secured $150 million in debt funding.
Camino Financial was founded by Sean Salas. It is an AI-powered community lending platform that provides affordable credit and wealth-building solutions to overlooked entrepreneurs. The company builds a proprietary credit assessment and data aggregation AI to identify, price, and offer affordable loans tailored to credit-invisible, cash-heavy businesses.
The company has offices in Colombia, Mexico City, and Bogota.
Executive Opinion
Sean Salas, Chief Executive Officer of Camino Financial, said, "We are excited to make big strides towards our goal of $1 billion in lifetime loans with this debt investment from CIM. Through this strategic partnership, we will aim to innovate and scale many wealth-building credit products tailored to overlooked entrepreneurs across America."
Jacob Haar, Co-Founder and Managing Partner of CIM, said, "Community Investment Management is focused on providing strategic debt capital to responsible fintechs. Our goal is to scale financial services to this underserved segment of the market and we're very proud to serve as financing partners of Camino Financial. I'm personally very excited to watch them grow".
Camino Financial's Latest Funding
The round was backed by Community Investment Management (CIM).
The credit facility funding will be going to be invested in offering innovative debt funding for qualified US micro businesses and will also create a scalable impact within these underserved segments.
PC: Pixabay
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Udit Agarwal
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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.
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