VOL.
IMPACT REPORT 2024
There are millions of female beauty entrepreneurs in the world who lack access to financial services. Women who are economically independent make better decisions for themselves and their families. At Morado, we are building technology to serve beauty entrepreneurs with their financial needs, starting with financing inventory for them.
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$
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Women entrepreneurs make up 84% of the beauty industry workforce and only one in every seven beauty businesses in Latin America has access to credit.
At Morado, we are leveraging technology to transform this situation.
Our inclusive credit scoring provides loans to beauty businesses even if they lack a financial history.
And with our AI-backed intelligent sourcing, we recommend businesses what to buy based on factors such as seasonality, rotation, and market trends, making it easier for them to repay their inventory loans.
Less than
4%
has bought online
Less than
2%
has purchased inventory virtually.