Aviva secures $50 million to scale AI-driven microloans across Mexico

The Mexico-based fintech company Aviva has obtained a $50 million credit facility from Community Investment Management (CIM) ahead of its upcoming Series A funding round.

Founded in 2022 by Filiberto Castro, David Hernández, Amran Frey and Israel García, Aviva aims to provide accessible financial services, particularly to those living in small and mid-sized towns across Mexico. Aviva's hybrid physical-and-digital model allows customers to interact with an automated assistant via video call at small service centres. Rather than filling out lengthy forms, applicants speak with the system and Aviva's AI technology transforms the conversation and documents into structured insights, enabling rapid credit decisions on loans.

With the new capital, Aviva plans to expand its network of service locations, boost lending capacity, and upgrade its data and AI infrastructure to support a larger customer base.

Sources: Crunchbase | Aviva

Founders: Filiberto Castro, David Hernández, Amran Frey, Israel García