Repayment terms

Loan term
Term start date
Est. loan maturity date
Repayment structure
Payment frequency
Total payments

Borrower details

Payjoy logo
Smartphone financing in Mexico
Vetted borrower
PayJoy offers a buy-now-pay-later product that allows consumers to transform the purchases of mobile phones into monthly installment plans. The company has brought credit to millions of under-served consumers in emerging markets worldwide by collateralizing their smartphone to jumpstart them into the modern credit system. The company, based in San Francisco, California, was founded in 2015.

Risk mitigation

Information on deal structure, collateral used to secure this loan, and options in the case of a default on repayment by the borrower

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