NewsHK
San Francisco-based Tilt has acquired Blipay, a Brazilian salary-advance lender, picking up six million users and planting its cash flow underwriting model in Latin America's largest economy.
The deal is Tilt's fourth market entry outside the United States, signalling a deliberate expansion strategy for a company that positions itself as a specialist in financial products for nonprime consumers.
A Model Built to Travel Tilt's pitch is that its underwriting approach — built around cash flow analysis rather than conventional credit scores — translates across borders.
The company calls its methodology "proven" in international markets, a claim the Blipay acquisition is meant to reinforce.
Keep reading