Independencia

Independencia is a Peruvian fintech company that provides online consumer loans to individuals in Peru. Founded in 2017 by Ken Saito, the company leverages technology to offer a fully digital lending experience, from application to disbursement. It utilizes both traditional and alternative data for its credit assessment models, allowing for immediate evaluations and instant fund transfers.

The company targets individuals, offering personal loans ranging from 500 to 30,000 Peruvian Soles with repayment terms between 1 and 30 months. By operating without physical branches, Independencia maintains a low-cost operational structure, a key advantage over traditional banking institutions. This digital-first business model allows for greater scalability and efficiency, enabling the firm to serve a broader client base across the country. Since commencing operations, the company has processed over 350,000 loan applications.

In 2019, Independencia secured a significant investment from Credicorp, which contributed USD $1 million as part of a larger funding round that totaled approximately USD $5 million. This capital injection was aimed at financing the company's expansion plans and the development of new financial products. The company has established a presence in 13 provinces within Peru.

Keywords: online lending, consumer loans, fintech, personal finance, credit assessment, alternative data, digital loans, financial technology, Peru, micro-lending, instant loans, online credit, South America, data analysis, consumer credit, financial services, digital banking, loan application, credit scoring