Kuri Finance

Kuri Finance is a fintech company founded in 2021 that develops a community finance platform to digitize and manage informal lending and savings circles. Headquartered in Cuenca, Ecuador, the company targets the informal financial market in developing countries, with a presence in Ecuador, Colombia, and Mexico.

The platform enables users to create trusted circles with friends, family, and community members to lend and borrow money securely and transparently. While Kuri Finance provides the management tool, the group members decide where to store their funds. The application is designed to address the needs of those underserved by conventional finance by formalizing informal loans. Initially a financial management app, Kuri pivoted after working with community banks and informal lenders to address broader issues, such as the lack of credit scoring. The platform now includes a credit score analysis tool to build a more comprehensive financial ecosystem.

Kuri's business strategy involves a free application supplemented by financial services and credit score tools. The company operates in the financial software industry and has received backing from investors including Seedstars and the Maryland Smith Blockchain Accelerator through accelerator and incubator programs.

Keywords: community finance, informal lending, lending circles, P2P lending, financial software, fintech, credit scoring, microfinance, Latin America, digital banking, savings groups, mobile finance, loan management