Currency: MXN
Use of proceeds: private securitization of loan portfolio
Industry: Fintech
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.
Launched in 2018, Galgo began its journey in Chile, targeting Latin American immigrants with innovative financial solutions that facilitated their settlement and integration into their host nation. Since then, Galgo has evolved and broadened its services to encompass a larger demographic, concentrating on offering financing options for motorcycle purchases. The Company has swiftly scaled its presence across Latin America, expanding its operations to Peru in 2021, Mexico in 2022, and Colombia in 2023. Galgo collaborates with premier OEM brands and dealerships to engage customers and supply motorcycles coupled with Galgo’s financial offerings. In addition, Galgo boasts a proprietary online marketplace, further enhancing its reach and service delivery.