Currency: MXN
Use of proceeds: private securitization of loan portfolio
Industry: Fintech
Alloy Capital (“Alloy”) is excited to announce its recent investment in a leading fintech Company in Latin America. With this funding, our client plans to penetrate the Mexican market, specifically targeting motorcycle financing through its digital platform. This move replicates their already successful business model in Chile, Peru, and Colombia.
Our client is a Latin American fintech, that started its operation in Chile lending to Venezuelan migrants. Its business model evolved to create a seamless purchase experience through a i) marketplace and ii) strategic alliance with motorcycle brands and dealerships to serve the underbanked. The company has a strong equity based that has supported its expansion in Latin America and Alloy is excited to partner with them as they expand their loan portfolio in Mexico.