Camino Financial, a Los Angeles, CA-based AI-powered community lending platform offering affordable credit and wealth building solutions to overlooked entrepreneurs, closed a $150m debt facility.
Community Investment Management (CIM), provided financing.
This credit facility will provide innovative financing for U.S. microbusinesses. It will have a scalable impact on these segments.
Camino Financial, led by Sean Salas as Chief Executive Officer, is an AI-powered community lending platform which offers affordable credit and wealth building options to overlooked entrepreneurs. The company uses AI-based data aggregation and credit assessment to find, price, and offer affordable loans for cash-strapped and credit-invisible companies.
The company has supporting offices in Mexico City, Mexico and Bogota, Colombia.