Job Description
**Overview**
We are an early-stage, venture-backed fintech that focuses on bringing affordable credit and financial services to small business owners across LatAm - starting with Mexico.
Grupago is able to serve micro-SMBs as a result of three key innovations - community distribution, group collateral, and AI-driven underwriting.
- Community distribution: Grupago acquires community leaders online, who then build lending groups in their local communities.
This allows the company to reach rural and otherwise hard to reach customers via its unique and cost effective online-to-offline acquisition approach.
- Group collateral: Borrowers join together as part of lending groups and co-sign for each other's loans.
When a payment is missed, other members are responsible for repayment.
This approach allows Grupago to profitably collateralize an otherwise uncollateralized customer segment, as well as build much more robust underwriting data than individual loans.