alphacredit colombia

AlphaCredit was a leading Latin American fintech platform founded in 2011, focusing on providing consumer credit and financial solutions to underserved and low-to-middle-income individuals. Its primary products in Colombia were payroll-deduction loans for government and private sector employees and pensioners. The company experienced rapid growth but faced a major crisis in 2021 due to the discovery of significant accounting errors and alleged fraud. This led the parent company to file for Chapter 11 bankruptcy protection in the U.S. and sell off its operating assets in both Mexico and Colombia.