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Finsus acquires Distrito Pyme and launches Digital Credit

Mexican fintech Finsus has announced that it has acquired Distrito Pyme’s platform and technology to launch Digital Credit Pyme.

With the acquisition, Finsus wants to enter the digital credit market for SMEs in Mexico.

Distrito Pyme’s platform helps Mexican SMEs apply for credit quickly and paperlessly, with a credit analysis algorithm that provides credit options to its users. To date, Distrito Pyme has received more than 20,000 credit applications.

Finsus wants to invest $540 million in digital credit products over the next five years.

Read more on Latam Fintech.