A Mexican business lender has become the latest loan originator on lending marketplace Mintos.
Capem, which aims to provide small- and medium-sized enterprises (SMEs) in Mexico with access to credit, is offering returns of up to 10 per cent.
Its average loan amount is €80,000 (£68,000) with typical loan terms of 41 months.
The lender offers a buyback obligation, so will let investors sell their loans.
Mintos has given the originator a low risk score of eight.
“After the pandemic in 2020 we now have a deeper emphasis to see even the smallest detail of industry risks as well as what capacity we can have in times of crisis,” Capem said in a statement.
“The new reality has reinforced our sense of urgency to be increasingly creative, flexible, and focus more on the generation of value in each SME that we finance and advise.
“Now we evaluate variables that make our company’s stress tests more robust.”
Mintos now has nine Mexican lenders on its platform.
There are originators from 34 countries in total on Mintos.
Three companies were added earlier this week: Kazakhstani car lender Jet Finance and two Mexican lenders, GoCredit and Conmigo Vales.