The Private Equity team advised AlphaCredit© on its equity round for up to $125 million led by SoftBank's Latin America Fund. The equity infusion will allow AlphaCredit© to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model. Other international investment funds along with a group of its existing investors are joining Softbank in this financing round. The deal is subject to, among certain customary conditions to closing, the approval of Mexico's competition authority (COFECE) and certain third parties.
AlphaCredit© is a leading and one of the fastest growing technology-enabled financial platforms in Latin America, providing consumer loans and financial solutions for consumers and SMEs in Mexico and Colombia through innovative solutions and cutting-edge technology.
For additional details on the investment, please read the press release.