Business Latin America

  Tienda Pago Raises $12M to Keep Helping Small Convenience Stores in Peru and Mexico The Women's World Banking Asset Management and IDC Ventures lead a Series B round of financing to promote financial inclusion in Peru and Mexico. Three out of four stores can't afford the stock they need for their clients, and only half of the stores have access to enough credit. Source: PR Newswire Tienda Pago, the leading short-term credits lender based in Peru and Mexico, has announced closing a Series B investment led by the Women's World Banking Asset Management and IDC Ventures for $12 million. Tienda Pago's innovative partnerships, technology, and process have attracted impact investors and traditional VCs. Women's World Banking Asset Management and IDC Ventures led this Series B round of investment in which Alumni Fund contributed as a new investor. Current investors Kaszek, QED, Agrega Partners, Accion Venture Labs, and Oiko Credit also participated in this round. ...