Buy-Now, Pay-Later (BNPL) and online consumer lenders in Latin America, Kueski recently announced a successful expansion of its loan transactions totalling nearly $1 billion with one million consumers and six million loans. By leveraging its AI and ML-powered credit decisioning model to expand access to financial products, Kueski has emerged as a market leader in Mexico and one of the fastest-growing FinTechs in Latin America. The Company’s mission is to expand access to traditional financial services and products. It now serves customers via Kueski Pay, its BNPL solution; Kueski Cash, the FinTech’s inaugural cash loan product; and Kueski Up, an earned wage advance product that allows employees to advance their payroll interest-free.
Kueski launched its BNPL product in brick-and-mortar stores. With the support of 1% of its merchant network, Kueski Pay Instore is now offered in almost 600 stores throughout Mexico – and will soon be offered by hundreds more as the rollout continues over the next few months. The Company also launched a dedicated app that allows users to check their profile, manage payments, and browse partner stores, increasing transparency and ease of use.