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 Aluna Partners arranges up to $10M Asset Backed Consumer Loan Securitisation originated by JTP (Juancho Te Presta) with the objective to support women entrepreneurs in Latin America.

“Finding the right partners to continue our mission of bringing inclusive finance to the markets we address is our priority, we are very happy to include Aluna as one of our strategic relationships going forward", added Juan Esteban Saldarriaga, CEO of JTP.

Introduction of Transaction

Aluna Partners, a global investment banking firm with expertise in arranging alternative credit, announced that it has reached an agreement with JTP (Juancho Te Presta) to finance an asset based lending facility for up to $10 million. The transaction will allow the company to originate new consumer loans for women entrepreneurs in Colombia, via three main products: Point of Sale, salary advance and direct loans.

About the company

Juancho Te Presta (Colombia) designs digital credit solutions for women customers to address gender disparities in financial inclusion. It develops special scorecards for women customers, who are given better terms (lower cost of instalments than men) due to the belief that women have lower NPL rates than men. JUANCHO TE PRESTA is one of Colombia’s fastest growing fintechs, that aims to increase financial inclusion through 100% digital credit solutions for women, gig workers, entrepreneurs and students.  The fintech lender has disbursed more than $13M USD over 27,000 loans since 2019, over 60% of which are to women, using state-of-the-art technology including AI, proprietary algorithms, and biometric verification to allow underbanked groups to apply for a loan in just ten minutes. 

 

At JUANCHO TE PRESTA, we believe that everyone deserves to have access to fair and easy-to-access financial services, especially those in strata 2, 3 and 4, who often do not have the opportunity to obtain credit. We are working to close that gap and offer people the opportunity to improve their quality of life through our loans. Juancho Te Presta, has adopted an intentional approach to designing digital credit solutions for women customers to address gender disparities in financial inclusion. It has collected sex disaggregated data (SDD), identified a business case for serving women, and customised its products for well-performing sub-segments. It aims to create customised credit solutions that address women’s unique needs across different economic segments

Messages from Parties

"Aluna Partners is pleased to partner with JTP by supporting its 3 year expansion strategy.The company’s gender equality mission aligns with our objective of improving financial services penetration in Latin America.” said Victor Rivera, Managing Director, at Aluna Partners.

 

“We are proud to partner with JTP, as its origination track record and underwriting policies showed strong resilience during 2022 and 2023, one of the most challenging and volatile interest rate periods we have experienced over 20 years”. said Victor Rivera, Managing Director, at Aluna Partners.

Aluna Partners is an experienced investment banking advisor and arranger in the technology sector with over $100 million worth of debt transactions. The firm has supported over several technology scale-ups since 2021, operating across 12 countries in the Americas, Europe and MENA. Aluna Partners arranges debt, equity and M&A transactions for technology companies.

“Finding the right partners to continue our mission of bringing inclusive finance to the markets we address is our priority, we are very happy to include Aluna as one of our strategic relationships going forward", added Juan Esteban Saldarriaga, CEO of JTP.

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