Aflore

Aflore is a Colombian fintech company founded in 2012 or 2013, based in Bogotá.

It focuses on providing loans and insurance to the underserved emerging middle class in Latin America through a unique direct sales model. This model leverages a network of informal financial advisors who are trained to assist clients in their personal networks. The company offers personal loans and various insurance products, including mandatory traffic accident insurance. Aflore emphasizes financial literacy and counseling, helping clients set financial goals and manage their money effectively. With over 14,000 advisors across Colombia, Aflore aims to become a key digital channel for financial services, targeting the nearly 78 million people in Latin America who lack access to traditional banking. The company is backed by Polymath Ventures and has experienced rapid growth, with a portfolio expanding 10-20% monthly.