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.

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. We share a commitment to improving customers' financial well-being, and this transaction opens a new chapter in that work."

"Finia has developed valuable technology and deep insights that can help address one of the fundamental challenges in financial inclusion: how to assess creditworthiness when traditional financial data is limited," said Jose Luis Gonzalez, Head of Growth for PayJoy Mexico. "Bringing these capabilities to PayJoy will strengthen our platform, enhance how we assess risk, and broaden our product offerings. We see a meaningful opportunity to extend the impact of Finia's work across the markets we serve."