AltScore, based in Cuauhtemoc and Washington, DC, raised $8.5M in Series A funding. The AI-driven B2B credit infrastructure provider is focused on SMEs in Latin America.

The funding round was led by Haymaker Ventures, with contributions from Kamay Ventures, BuenTrip Ventures, Caffeinated Capital, FarOut Ventures, and TechStars. The company plans to use the capital for operational expansion and development initiatives.

With the new funds, AltScore aims to enhance its platform to further enable B2B companies to offer digital lending to SMEs. Notably, Coca-Cola is a major enterprise using AltScore’s credit infrastructure to serve millions of underserved SME customers.