CrediFace Perú SAC is a Peruvian Fintech founded in 2016 and finances consumer loans to individuals that range from USD$300 to USD$5,000 on average with terms of up to 24 months.They follow their processes through 100% online services with an approval ratio of 8% approximately. Its evaluation process contains algorithms that detect indebtedness, payment behavior and other indicators that make it possible to have a robust portfolio against any external agent. CrediFace's target market is underbanked customers, who have banking products but are poorly served. They serve Dependent and Independent clients as long as they do not have negative records in the Credit Bureau, as their core value is to prioritize the quality of their portfolio while having gradual and stable growth. Thanks to their technology aimed at taking care of the portfolio, they maintain a Delinquency ratio of approximately 10% which is well below other Fintechs in the field. Their growth in the past years has stayed between 15% and 20% yearly, and they project to have an aggressive growth of 80% in the next 3 to 4 years. CrediFace does not offer extensions to its borrowers, hence, their loans at Lendermarket will not be extended. Additionally, their buy-back guarantee activates after the loan has been in default by 60 days. Type of customers: Private individuals Products: Consumer loans Customer APR: 50-200% Geography: Latin America Currency: Sol
CrediFace Perú SAC is a Peruvian Fintech founded in 2016 and finances consumer loans to individuals that range from USD$300 to USD$5,000 on average with terms of up to 24 months.