Kiwi, a company building AI-powered financial tools for underbanked Hispanic consumers in the U.S., has announced a $100m credit facility from CIM.
The funding follows its $8m Series A earlier this year and will accelerate its mission to provide responsible credit access to underserved Latino communities across the country.
The new credit line aims to expand Kiwi’s reach and strengthen its ability to offer inclusive financial products to millions of consumers who have been excluded from traditional credit systems. The company’s vision centres on promoting financial mobility and fostering economic empowerment for underbanked Hispanic populations.
Founded in 2020 by Mariano Sanz and Alexander Schachter, both originally from the Dominican Republic, Kiwi was created to address the unique financial challenges faced by U.S. Hispanic consumers with limited or no credit history. Since its inception, the platform has already served more than 100,000 consumers nationwide.
Kiwi’s business model draws inspiration from financial inclusion frameworks in emerging markets, beginning with access to credit before expanding into savings, spending, and other financial services that build long-term trust and economic progress.
The company’s technology uses artificial intelligence to assess risk and offer fair, transparent credit options to consumers often overlooked by mainstream lenders. By using data-driven insights, Kiwi is helping users establish credit histories while promoting responsible borrowing.
The latest funding from CIM will enable Kiwi to expand into new states, introduce additional financial products, and scale its digital platform to reach millions more Latino consumers. With Hispanic communities making up nearly 20% of the U.S. population and contributing more than $4tn to the national economy, Kiwi aims to play a key role in closing the financial inclusion gap.
Kiwi CEO and co-founder Mariano Sanz said, “We are very excited about partnering with CIM given our aligned mandates of promoting impact and economic mobility to underbanked consumers. Access to credit is about promoting possibilities, and AI is helping us deliver this reality for millions excluded from traditional financial products.”
Community Investment Management managing partner Jacob Haar said, “Kiwi is filling an important gap in the market, providing simple and transparent access to capital that builds credit history. This partnership is a meaningful step toward giving minority communities better access to financial opportunities.”
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