Aura Financial
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Aura offered small consumer loans through supermarkets and other retailers, focusing on Latino customers.
02 / Aura Financial FAILURE REASONS
Failure reasons
Aura Financial ended in liquidation bankruptcy. On January 11, 2021, Aura Financial Corporation (also doing business as Insikt Inc., of Delaware) filed an amended Chapter 7 bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware. The company had funded its lending through heavy borrowing — $491 million in debt since 2017 plus $431 million raised across 16 social bond issuances — and no public account details the specific drivers of its collapse beyond the liquidation filing itself.
03 / EVENT HISTORY
Events in the structured record
- Operations ended
Aura Financial ended operations.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
On January 11, 2021, Aura Financial Corporation (a.k.a. FDBA Insikt Inc., of Delaware) files an amended Chapter 7 bankruptcy petition — a liquidation — in the U.S. Bankruptcy Court for the District of Delaware.
- 02
The 121-page petition is handled by attorneys Bielli & Klauder; no public statement from the company explains the drivers of the filing.