Industry News: Morro Ventures, a community development venture capital fund based in Puerto Rico, has made a follow-on investment of $550K as part of a $7.8 million Series A round in Kiwi Financial a microlending and credit building platform for Latino that provides short-term microloans that help unbanked and low-credit-score clients to improve their credit scores. By leveraging AI to design accessible and equitable financial services, Kiwi expands credit access for Latinos, a community too often overlooked and underserved by traditional financial institutions. This new infusion of capital will fuel Kiwi’s expansion, support continued AI innovation, and accelerate the rollout of additional product offerings aimed at promoting financial inclusion. Morro Ventures is a CDVCA member fund and an investee of CDVCA’s Puerto Rico Fund for Growth. For more information, visit morroventures.com and kiwicredito.com.
