The Latin America fintech a55, which provides solutions in the alternative lending space offering revenue-based financing, announces a combination of debt and equity US$35m investment.
The proceeds will be used to finance credit operations across the region, with a particular emphasis for Mexico, and the product and commercial expansion of the company. Investors include Accial Capital, an investor in tech-enabled loan portfolios in emerging markets, E3 Negócios and Mouro Capital, which doubled down on their 2020 investments in a55.
Through its platform and financing solutions, a55 has been a great ally for Mexican companies, especially in times of uncertainty on the Covid-19 backdrop., “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”, said Hugo Mathecowitsch, a55’s CEO.
a55’s technology solutions include 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. For lenders, a55 developed a portfolio management and monitoring platform fed in real time by transactional data.