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PayJoy to Acquire Strategic Assets of Finia AI, Advancing AI Underwriting and Financial Product Innovation

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PayJoy to Acquire Strategic Assets of Finia AI, Advancing AI Underwriting and Financial Product Innovation

PayJoy, a leading financial services provider for underserved consumers across emerging markets, announced the acquisition of select strategic assets of Finia AI, Inc., a fintech company that developed AI-powered underwriting and financial products for micro-businesses in Mexico.

The transaction will enable PayJoy to apply Finia’s technology and expertise to its global platform, strengthening its underwriting capabilities and expanding its financial product offering for customers with limited access to formal credit.

PayJoy has reached more than 20 million customers across nine countries in Latin America, Africa, and Asia through innovative financial products including digitally secured smartphone financing, credit lines, and the PayJoy Card. This acquisition brings technology developed specifically for the needs of small and informal businesses to a platform with the scale and reach to extend those innovations across global markets.

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Finia built its AI underwriting capabilities to serve micro-businesses with limited financial data and owners with little or no formal credit history. The venture-backed fintech developed new ways to assess creditworthiness and applied them to offer financial products including credit cards and installment loans.

“I’m excited about the path ahead with PayJoy,” said Uri Pomerantz, founder and CEO of Finia AI. “We’ve spent years building AI underwriting and financial products to serve micro-businesses in Latin America that traditional lenders too often overlook. PayJoy’s global reach creates an opportunity to scale our technology and everything we’ve learned alongside one of the strongest teams in fintech.


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