Finbra

Finbra is a Mexican fintech lending platform operating as a SOFOM ENR (Sociedad Financiera de Objeto Múltiple, Entidad No Regulada) under the legal name Litore Avances, S.A.P.I. de C.V. The company specializes in providing secured loans to small and medium-sized enterprises (SMEs) and entrepreneurs throughout Mexico. Finbra's flagship product is an SME credit line secured by automotive or real estate collateral, allowing borrowers to access financing while continuing to use their vehicles or properties. The company targets underserved SMEs, including those with limited or no credit history, addressing the significant capital access gap affecting approximately 35 percent of Mexican SMEs. Finbra offers loan amounts ranging from 100,000 to 3 million Mexican pesos with repayment terms between 3 and 24 months, featuring fixed interest rates and standardized payment schedules. The platform emphasizes speed and agility, providing pre-offers quickly and disbursing funds within 3 to 5 business days. In early 2024, Finbra secured a 2.3 million USD credit facility from Protección Patrimonial Unión de Crédito to expand operations and consolidate its position as a leading SME lender in Mexico. The company aims to build a comprehensive financial product portfolio, including leasing and factoring services over the long term. Finbra's loans are designed for businesses registered with the Mexican tax authority (SAT), providing working capital financing to stimulate business development. As a SOFOM ENR, Finbra operates with less regulatory oversight than traditional banks, allowing for more flexible lending criteria and streamlined decision-making processes. The company is headquartered in Miguel Hidalgo, Mexico City, and positions itself as a financial partner committed to breaking down financial barriers facing Mexican SMEs.