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RapiCredit

🌎 rapicredit.com

RapiCredit is a Colombian fintech company dedicated to financial inclusion and providing access to credit for Colombians and small to medium enterprises (mipymes). Established in 2014, it offers online microloans through two main products: RAPIFLEX, which allows clients to borrow between $100,000 and $1,000,000 for up to 30 days, and RAPIPLAZO, which provides loans of $300,000 to $400,000 with fixed payment terms. RapiCredit aims to simplify the loan process, making it quick and secure for its users.

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Updates as of Oct 05, 2024

• RapiCredit has reduced its maximum effective annual interest rate in Colombia from 28.85% in September 2024 to 28.17% in October 2024.
• RapiCredit updated the maximum effective annual interest rate for RapiFlex loans in Colombia from 28.85% in September 2024 to 28.17% in October 2024.
• Mr. Fonseca called for a regulatory inspection of RapiCredit due to alleged abuses on September 30.
• RapiCredit, led by Director General Rafael Pineda, has partnered with Motos Toro to offer financing plans for purchasing Toro and Cyclone motorcycles in Venezuela.
• Camila Andrea Ferrer Acosta has started as the Legal Coordinator at RapiCredit.

• RapiCredit, an emerging fintech, stands out for its quick loan approval process, promising to deliver funds in less than 24 hours after approval.

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