Grupago, a fintech startup that focuses on digital microcredit for small businesses in Latin America, has secured $4.3 million in seed financing. The investment is led by Deciens Capital and includes Precursor Ventures, Clocktower Ventures, and Twine Ventures, among other venture funds. Grupago launched its micro-credit business in October 2023 to fill a crucial gap in Latin America's small business market, where up to 87% of their credit needs are unmet. The company has overcome these obstacles by combining AI-driven underwriting, group collateral, and community distribution into a fully digitalized offering. The company uses AI to underwrite small loans, group collateral to co-sign for each other's loans, and community distribution to reach rural and hard-to-reach customers. Grupago is currently active in Mexico and plans to scale across Latin America over time, focusing on a group loan product for women entrepreneurs.