Addem Capital Closes a Debt Funding Facility with Brazilian Fintech a55
Actualizado: 18 de dic de 2020
Addem Capital, a mexican private debt fund, has closed a debt funding deal with a55, a Brazilian fintech loan originator that provides liquidity solutions to companies with recurring income in Brazil and Mexico. This is Addem Capital’s fifth investment on a fintech lender this year, and they are set to continue improving the debt market across the region.
a55, founded by André Wetter and Hugo Mathecowitsch in 2018 in Brazil, offers alternative credit solutions backed by recurring income from companies. Its objective is to become the go-to financing platform for SMEs in the region, starting with those that offer software as a service. a55 had previously been backed by investors such as Santander InnoVentures and E3 Negócios to grow and reinforce their impact on Brazilian startups and are now undertaking this new journey expanding their solution into the rest of Latin America, with Mexican investor Addem Capital.
This is the first step in the long-term partnership that has just begun between the two parties. The partnership is set to be focused on increasing a55’s capacity to allocate credits within Latin American startups. Backstartup, a Colombian virtual accounting service that provides accounting, financial, and tax advice through a 100% online process, is the first company to be selected. Soon, more Latin American startups will continue to receive credits to expand and strengthen their operations in Mexico.
"In Addem Capital, we seek to create debt structures that help us get closer to our objective of closing the financial inclusion gap currently existing in Latin America. It is very important for us to continue building partnerships with ethically sound, efficient, well-recognized companies such as a55, that have proven themselves in other markets and share our goal of facilitating access to credit in the LATAM region." - Oscar Duran, Addem Capital - Managing Partner.
“Our journey started in a kitchen trying to lend our own money to companies with no real assets to guarantee the loans. Two years later, we are extremely pleased with this agreement with Addem Capital to accelerate our growth in Mexico.” - Hugo Mathecowitsch, a55 - Co-founder & CEO.
About Addem Capital: Private fund specialized in alternative debt structures for credit originators in the fintech and energy sectors. Combining the consulting services of a boutique investment bank and the capabilities of a private debt fund.