Credijusto, a Mexico City-based tech-enabled lender, closed a USD $100 million debt facility with Credit Suisse AG.
The deal follows the closing of a landmark USD $100m credit facility with Goldman Sachs last year.
The transaction provides Credijusto with additional funding diversification and capacity to increase its lending across Mexico and support its mission to expand credit access for small and medium-sized enterprises (SMEs).
Led by Co-CEOs David Poritz, and Allan Apoj, Credijusto provides a multi-product platform which will be focused on funding its expansion into equipment lease financing – adding to its term loan and credit line products as well as its credit card which will be launched later this year.
Since its founding in 2015, Credijusto has launched multiple financial products and originated over USD $120m in term loans and leases. In 2019, the company raised a USD $42m Series B led by Goldman Sachs and Point72 Ventures. Prior equity investors include Kaszek Ventures, QED Investors, John J. Mack, Victory Park Capital, Elevar Equity, Ignia, City Hall Capital and Broadhaven Ventures as well as debt facilities with institutional credit funds such as Goldman Sachs, Calvert Impact Capital, DFC (formerly OPIC), Promecap, Eiffel eCapital, Partners Group — and now Credit Suisse AG. Credijusto currently employs 300 people.
FinSMEs
27/03/2020