Cadence Enters into a Strategic Originator Partnership with Zinobe

Cadence, a leader in the digital securitization of alternative investments, is partnering with Zinobe to expand its offering of investment products.

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Cadence is pleased to announce a strategic partnership with Zinobe, its first partnership with a South American originator of high-quality private credit assets.

Leveraging data science and digital technology, Bogotá based Zinobe has become a leading non-bank finance company in Colombia since its inception in 2011. Traditional credit penetration in Colombia is low, and Zinobe more than doubled loan disbursements last year in this underserved market. In all, Zinobe has served over 250,000 consumer borrowers across Colombia.

Zinobe employs a data-driven approach to approving customer applications. This process starts with a 40-question application, with the answers being used as algorithm inputs. These inputs are also complemented by data from credit bureaus and other public and private databases to make a credit decision. Following the application, loan approval takes an average of 18 seconds, and disbursement usually happens within 4 hours.

By contrast, incumbent banking institutions are burdened with older IT infrastructure, making it challenging to conduct data-intensive analysis and provide the paperless and fast service that consumers increasingly expect.

According to Prath Reddy, Head of Capital Markets at Cadence, the new partnership is the product of Cadence’s intent to work with data-driven, best-in-class originators serving under-resourced populations and industries. “Low availability of credit and dissatisfaction with traditional banks has created an opening for specialty finance lenders like Zinobe,” Prath explained. “We believe that data-savvy originators are poised to see greater adoption of their products as consumers and businesses alike search for transparent, competitive, and customer-focused financing solutions.”

Zinobe has both consumer (d/b/a Lineru) and SMB (d/b/a Aliatu) lending products that offer short term credit to customers on a revolving basis. Tarek El Sherif, Zinove’s Founder and CEO shared, “We are very excited to work with Cadence who we feel shares our approach to using technology to provide better service for our clients and a more intelligent risk management for our investors.”

As an alternative investment platform, Cadence continues to offer accredited investors uncorrelated, high-yield investment products while providing non-dilutive growth capital to its origination partners. Cadence is excited to partner with Zinobe to continue building an extensive network of best-in-class emerging market originators.

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1
Juan Esteban Saldarriaga
Vice President at Alianza FinTech Iberoamerica | Co-Founder Rapicredit | ColombiaFinTech.co
24.4
5
3
Diego Molano
Consultor internacional en temas de TIC e innovación
19.4
18
4
David Velez
Founder and CEO at Nubank
17.0
27
5
Martin Schrimpff
Co-Founder of Zinobe | Founder of PayU | Founder Pagosonline.net
15.6
32
6
Ángel Sierra
Director Ejecutivo en Asociación FinTech e InsurTech de Chile | Member of Alianza FinTech Iberoamerica
14.8
39
7
Paula Cardenas
Business Manager at AEFI | Founder Member FinTech IberoAmérica
14.5
42
8
Clementina Giraldo
FinTech & AgTech in Latin America
11.8
60
9
Juan Francisco Schultze-Kraft
Board Member – Vicepresident at Colombia FinTech | PayU Legal
11.4
63
10
Daniel Rojas
CEO & Co-Founder at Rocket.la
10.1
69
11
Alan Colmenares
Digital Transformation Enablement – Latam at Microsoft
7.3
89
12
Laura Gaviria Halaby
Global Head FinTech Acceleration at Citi | Chief Acceleration Officer at TheVentureCity
6.3
101
13
Diego Alejandro Guzman Guevara
CEO and Co Founder at Bankity
6.2
104
14
Andres Ramirez Sierra
CEO at Banlinea LATAM
6.2
105
15
Daniel Navarro
CEO & CoFounder at NIMMÖK
6.1
109
16
Fernando Sucre
CEO at ComparaMejor
5.9
110
17
Andres Villaquiran
Founder & CEO Alkanza
5.3
119
18
Carlos Castañeda Olaya
Open innovation leader at Accenture | Country Manager at Wayra
5.2
123
19
Marisol Camacho
Director of Corporate Relations at Bancóldex | Director of Mindset at iNNpulsa Colombia
4.6
131
20
Felipe Valencia
Partner at Veronorte
3.7
143
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