Fixing the world's most expensive credit — starting with Mexico.
Banks sit on the richest historical record in the system, every loan they've issued, every borrower who's paid or defaulted, yet they underwrite on today's snapshot alone: income, expenses, bureau score. Everything else the file could tell them: location, loan purpose, education, active loans, other applications, the full credit history and tens more data points, gets discarded.
Consumer credit generates the best margins in the system, yet it stays reserved for banks. There is no vehicle today for an individual or institutional investor to hold a consumer-credit portfolio passively.
Rates are multiples of the real cost of money — the spread the bank keeps.
Investors put capital into the fund, not into individual loans. The fund invests only in loans a regulated platform has already published, and only after its own model re-screens them.
The platform run first their own model. Our model re-filters what was approved. Two layers mean fewer defaults.
The platform lives off returning investors, so it pays to list only good loans. Nobody wins on a default.
IFCs are licensed and supervised by the CNBV Mexican SEC under the 2018 Fintech Law. Origination, custody and collections run on existing, regulated rails.
A bank's rate floor is structural, not a matter of willingness: cost of funding, regulatory capital reserves, and physical branches every loan must support. Meridia carries none of it.
No branches, no payroll, no bank funding costs. We invest in loans listed by CNBV-regulated IFCs.
~20% (Meridia–IFC) versus 40–106% at banks.
A cheaper loan is easier to repay, which means lower delinquency.
Lower delinquency translates into a higher net return for investors.
Better returns attract more capital hence whole market gets optimized.
We do not originate the loans; we invest in those listed by the IFC. Currently only Prestadero and YoTePresto operate under this model. We leverage their existing infrastructure.
To optimize Mexico's consumer-credit market and then expand into every country where credit is structurally expensive. By lowering the cost of capital, it delivers real social impact: expanding access to formal credit at affordable rates.
≈500 real labeled loans, paid or defaulted, and it keeps learning as more originate.
Downloads active applications already approved and published by the platform.
Extracts 64 data points per application; full profile and complete bureau history, not just the score.
A repayment probability per loan. We invest only above 85%.
Model trained on 500 loans with known outcomes; ROC-AUC 0.82 (5-fold cross-validation). 1 USD ≈ 17.45 MXN.
Banco de México (Feb. 2026); CNBV. SOM = balance currently invested via debt IFCs, not cumulative origination. Squares are area-true (side ∝ √value); the IFC dot is drawn at minimum legible size. 1 USD ≈ 17.45 MXN.
Illustrative — box area proportional to AUM; Years 1–3 wouldn't register at true scale next to Year 10.
Fund credit portfolio revenue = the fund's own capital compounding from the $150K seed, plus reinvested management fees from Year 3 onward. Calculated at a 16% annual return — expected to rise toward ~19.2% as the model improves with scale.
Credit is a commodity. The winner is whoever offers the lowest price and banks can't lower theirs due to their cost of funds, regulatory reserves, branch networks and payroll, and the RORWA expected by shareholders. These factors impose a structural floor on rates.
No one has built a fund for institutional capital to invest in consumer credit via IFCs. The regulation is too new.
The platforms are our channel, not competitors. The banking industry can't follow us on price. The space is empty.
Every dollar in makes credit cheaper, lowers defaults and attracts more capital, the ocean grows with us inside it.
Our lean structure lends at ~20% what banks charge at 40–106%. We're not trying to beat banks loan by loan; we're targeting a level of market efficiency that makes the competition irrelevant
Following institutional capital: opening the vehicle to individual investors. The next ocean.
IFC platforms already originate, rate and list applications — we never go looking direct for borrowers. Our model scans the open market and ranks every application automatically, in under 1.5 seconds. Scalable across platforms with no sales force: it's software, not people.
Each round unlocks the next class of investor, using the prior stage's audited track record as the calling card, from the seed capital to the pension funds that now allocate more than the entire banking sector.
Our 16% real-return track record as the calling card. This round, today.
Trigger · track recordUnlocked by a regulated MVP and an auditable record beating the reference rate with defaults <4%.
Trigger · regulated MVP + audited recordESG debt issuances alongside the IDB, CAF, World Bank and IMF.
Trigger · ESG mandate + scale~$513B today → ~$1T AUM by 2035. Already surpass the banking sector in credit origination. They don't lend directly; they allocate capital to sector-specialized funds. As of today, they are not investing in consumer credit.
Trigger · institutional-grade fund at scaleCredit selection, origination and servicing are 100% automated. No payroll, every dollar is deployed into the portfolio.
The team expands gradually and only as AUM demands it. Technology over headcount.
Compliance, back office and portfolio management arrive once automated KYC reliably mitigates AML risk for individual clients.
Operating model live; 100% of capital deployed into loans selected by the model.
2× the reference rate with defaults <4%, at zero operating expense.
$10M USD (Year 2 of the ladder), with the track record as the calling card.
The seed capital's returns and compounding belong 100% to the fund.