Alloy Capital (“Alloy”) has successfully concluded a financing agreement with Galgo, a fast-growing fintech in Latin America that provides loans for new motorcycle purchases to the underbanked populations in Chile, Peru, Mexico, and Colombia. This credit will empower Galgo to expand its Mexican portfolio, thereby granting credit access to individuals traditionally overlooked by conventional banking institutions.
Launched in 2018, Galgo began its journey in Chile, targeting Latin American immigrants with innovative financial solutions that facilitated their settlement and integration into their host nation. Since then, Galgo has evolved and broadened its services to encompass a larger demographic, concentrating on offering financing options for motorcycle purchases. The Company has swiftly scaled its presence across Latin America, expanding its operations to Peru in 2021, Mexico in 2022, and Colombia in 2023. Galgo collaborates with premier OEM brands and dealerships to engage customers and supply motorcycles coupled with Galgo’s financial offerings. In addition, Galgo boasts a proprietary online marketplace, further enhancing its reach and service delivery.