Kuri Bank provides international investments through the blockchain with a fixed interest rate ranging from 6-10%/year and uses those funds to give loans to SMBs in Latin America. Latam Banking is the 2nd most profitable banking sector in the world but 70% of MSMBs in Latam are currently unable to access financial services. This equates to a $50B TAM across all of Latam that Kuri Bank can capture with their proprietary banking system and AI-based social credit score.
The founders have previous Latam FinTech experience in Ecuador where their previous venture was focused on microloans for university students. Today, Kuri Bank has a waitlist of 43 loan clients for more than $500K. They are incorporated in Ecuador and in the US (DE C-Corp) and raising a $1M pre-seed investment to accelerate growth into this massively underserved market.