Fundary

Fundary is a Mexican fintech company founded in 2016 and headquartered in Mexico City. It operates as a crowdlending platform authorized by the National Banking and Securities Commission. Fundary focuses on empowering small and medium enterprises (SMEs) by providing them with access to fair credit. The platform also benefits investors by offering interest rates significantly higher than those found in the traditional financial sector. The entire onboarding process for both borrowers and lenders is conducted online, with credit scoring and company classification performed through a 19-variable algorithm. Fundary aims to improve the financial landscape for the 600 million underbanked individuals in Latin America.