a55 Closes $25M Debt Facility from Accial Capital to Fund its Expansion into Mexico
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 on 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.
Latin America is a key participant in the global trend of tech-enabled SMEs with compelling business models based on recurring revenues. a55’s unique ability to gather, understand and underwrite credit risk for this segment creates new possibilities for growth and impact in the region. Their credit performance through Covid-19 is a testament to the resilience of their model, said Jared Miller, CEO of Accial Capital.
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.
About Accial Capital
Accial Capital is an impact-focused, tech-enabled investor in small business and consumer loan portfolios in Latin America and Southeast Asia. Accial Capital combines data, technology, capital, and credit expertise to contribute to a world of widespread credit access and financial health. Learn more accialcapital.com
a55 is a FinTech lending to online SMEs in Brazil and Mexico with predictable revenue through a technology platform connecting bank accounts, billing, payment means, digital marketing, credit intelligence, and revenue insights. a55 counts today 80+ professionals, mostly in the areas of credit underwriting, software development, and data science. a55 counts 11k+ customers on its platform, financed BRL 200m and c. MXN 200 in Brazil and Mexico respectively, through 1000 operations to 200 borrowers since it started to operate, with late payments below 6%. Learn more a55.tech