Kueski Receives 10M Loans to More Than 1.8M Consumers

Kueski, an online financial ecosystem for consumers in Mexico, today announced a record 10 million loans. With over 1.8 million unique customers and over $1.6 billion in lending transactions, this marks a major milestone for the company in its mission to expand access to traditional financial services and products for Mexican consumers.

Founded in 2012, Kueski has become the market leader in Mexico in Buy Now, Pay Later (BNPL) and online consumer lending. The company is using AI and machine learning-based lending decision models to increase access to financial products and is now serving customers through Kueski Cash, a cash loan product, and Kueski Pay, its BNPL solution. Both products continue to experience significant growth:

Kueski Cash: Since the beginning of 2023, Kueski has disbursed almost half a million loans. This product has proven to be a valuable and popular resource for Mexican consumers who typically use the capital for investments, monthly expenses, health care and education.
Kueski Pay: Kueski’s online and retail network across Mexico approaches 10,000 merchants. Over 70% of these merchant partners say they have attracted new customers by offering Kueski Pay, and over 80% say they believe they have increased their credibility with the inclusion of this product as a payment method.

“Since Kueski was founded over a decade ago, we have been committed to improving the financial lives of consumers. It is incredible to see that we have made an impact on 1.8 million clients and most of them have chosen Kueski for their first financial experience.” said Adalberto Flores, founder and CEO of Kueski. “Our goal is to be a provider of innovative financial solutions that meet the needs of consumers, no matter where they are, no matter how far along they are in their financial journey.”

Kueski’s goal is to improve the financial lives of Mexicans, and the data shows that the company is making progress. More than 50% of users say that Kueski provided them with financial services for the first time, and through the use of Kueski Cash and Kueski Pay products, more than 40% of customers say that they have gained access to other types of financial products. thanks to a credit history built with Kueski.

In addition to this historic credit, Kueski celebrated its 10th anniversary in December 2022 and will once again be the main sponsor of Mexico’s “HOT SALE” this year, the largest sales campaign in the country. The HOT SALE is organized by the Mexican Online Sales Association and offers access to discounts and exclusive promotions on a wide range of products and services. Participating merchants offering Kueski Pay provide unbanked customers with the ability to shop online and in store.

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