Mexican microloan platform Baubap raised $120M in debt financing in a round led by Six Point Capital Management. The capital will be used to offer credit lines to more clients. Baubap provides microcredits to individuals who lack access to traditional banking financing. Through alternative data and artificial intelligence, Baubap assesses creditworthiness and offers financial educational content.

Mexican Fintech Baubap Raises $120M from Six Point Capital Management