IDB Lab Invests $1.5 Million in Aviva to Expand Financial Services Among Underserved Communities in Mexico
United States, Aug. 12 -- IDB Lab, the innovation and venture capital arm of the Inter-American Development Bank Group, announced a strategic investment of $1.5 million in the financial technology startup Aviva in Mexico. Founded in 2022, Aviva leverages AI-powered kiosks to expand access to financial services among underserved communities across the country.As its first venture debt operation in Latin America, this investment represents a strategic milestone for IDB Lab, and it positions the multilateral institution to potentially become one of Aviva's key equity shareholders in the future. It also reinforces IDB Lab's commitment to support innovative and high-growth companies in scaling impact, while also spotlighting efforts to strengthe...
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