Camino Financial is an online finance company offering business loans and solutions to help small businesses grow. As a tech-driven company, Camino Financial has created an online credit and educational experience that helps businesses improve their financial performance and graduate into cheaper and longer term loans.
The company uses proprietary artificial intelligence software to aggregate data and build machine learning models to drastically reduce financing costs for thin-file, cash-based microenterprises. First-time borrowers typically experience monthly payments 50% less than those of existing credit products in the market for the same loan size. Microloans range between $5,000 and $75,000, structured for upward mobility with a graduation scheme into lower rates and longer-term loans as borrowers make timely repayments. Camino Financial has designed an omnichannel experience through its online presence and corporate partnerships to build entrenched distribution networks in the U.S. Latinx market.
Total Funding: $20,400,000
Funding Stage: Series A
Business Stage: Scaling Up
Market: B2B
Company Size: 51 to 100
Founded: 2014
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