ALLVP is pleased to announce its follow-on investment in loan originator and analysis management platform Visor alongside strategic co-investor American Express Ventures and Mexican investor Ignia. This investment reaffirms the firm’s commitment to the fintech sector, currently having 7 fintech companies in its portfolio.
Founded in 2015, by Ruben Sanchez Souza, Jean-Bernard Rolland and Francisco Álvarez, Visor offers unique origination services to financial institutions specifically targeting SMEs, leveraged by the company’s close partnerships with major corporate groups. By reducing friction in the on-boarding origination process, Visor offers outstanding customer management, dynamic risk analytics, and pro-active loan placement as well as agile portfolio management. The result is an increased capacity to serve the untapped SME financing market, improving loan portfolio profitability for financial institutions and enhancing growth potential for SMEs through tailored financial products and customer service.
The company is already implementing a number of financing campaigns with leading financial institutions. Led by seasoned entrepreneur Ruben Sanchez Souza, Visor intends to become the largest originator provider for SME financing in developing economies. Ruben spoke of the partnership’s strategic value: “Visor has been fortunate to partner with ALLVP and draw on their extensive expertise in fintech, vast network and solid track record in supporting entrepreneurs to gain scale”.
With over US $200bn in outstanding loans held by four million formal SMEs, paired with an estimated financing gap of almost US $300bn, Latam represents a vast market opportunity for SME lending. However, financial institutions face barriers to exploiting the full potential of the SME financing market, as origination and customer servicing costs are high and relevant market analysis scarce. Visor aims to address these market shortcomings through the creation of a lean online lending platform built on robust data analytics that monitor SMEs’ performance.
Federico Antoni, commented on ALLVP’s second round of investment: “We believe that after a successful round and the “Fintech Law” passed in Mexico, Visor has the potential to gain momentum leveraging a positive perfect storm”.
Source: International Finance Corporation.