Bettr, a leading AI-driven lending business under Ant International, has announced its official launch in Brazil to expand small- and medium-sized enterprise (SME) lending to support local and regional economic development by working with local partners. As a first move, it formed a strategic partnership with AliExpress to bring a new financing solution, Bettr Working Capital, to local merchants operating on AliExpress. This enables simple and streamlined access to working capital and supports business expansion in one of the world’s fastest-developing e-commerce markets.
Bettr Working Capital will gradually roll out, with the first batch of disbursements starting on March 17. As Latin America’s largest digital economy, Brazil continues to experience rapid e-commerce growth, with millions of SMEs and micro-business owners thriving in this dynamic sector. However, access to financing remains a challenge for many, as SMEs’ limited collateral, lack of standardised financial documentation and other constraints make it difficult to secure funding.
