Latin America-based fintech a55, which offers revenue-based lending, has secured an investment of $35 million through a combination of debt and equity to fund its Mexico expansion plans.
Accial Capital, an investor in tech-enabled loan portfolios in emerging markets, was one of the investors, while E3 Negócios and venture capital firm Mouro Capital also participated, doubling down on their 2020 investments in a55.
The fintech intends to use the proceeds to finance credit operations across the region, with a particular emphasis on Mexico, and its product and commercial expansion.
Hugo Mathecowitsch, CEO of a55, said: “Data is the new gold and fuels the new economy. We are building the platform of the future, where digital, transactional and revenue data will drive credit decisions and shape the future of financial services to grow companies in the new online normal.”
Among a55’s technology solutions are a credit monitoring dashboard for borrowers, an insights section on revenue and cost metrics, an integrated cash flow covenant management system and escrow and revenue split tools for income sharing.