Mattilda, a Mexican company specializing in collections management, factoring, and financing for schools in Latin America, raised US$50 million in debt to boost its strategic growth.
The credit line was granted by Lendable, a global private credit fund focused on fintech and technology companies that drive financial inclusion in emerging markets.
Mattilda specializes in SaaS collection management and payment processing solutions for private schools. The Mexican company was founded in 2022 by José Agote, Ileana Gómez Gasteasoro, Juan Pablo Bravo and Adrián Garza.
Prior to this credit line it had raised $39 million, and was among the few startups to close a $19 million Series A in venture capital in 2023, a year in which venture capital was cautious.
Its investors include QED Investors, GSV Ventures, DILA Capital and Fintech Collective.
The CDMX-based edtech that combines its services with fintech has been operating in Colombia and Ecuador for a year when it boasted 100,000 students in the three markets.
With Lendable’s credit line, Mattilda will boost product development, international expansion and some strategic acquisitions, consolidating its position as the most complete financial and operational partner for schools in the region.
“This new capital allows us to expand our product range, accelerate growth in existing markets, and explore strategic acquisitions that strengthen our ability to serve schools,” said Juan Pablo Bravo, co-founder and CFO of Mattilda in a press release. The entrepreneur believes that schools deserve the same tools and financial resources as any company.
Agustín De Luca, associate director for Latin America at Lendable, commented on this loan: “We are excited to partner with Mattilda in this historic transaction, which supports its expansion in the region. This credit facility reflects our confidence in their technological approach and their ability to provide scalable and innovative financial solutions to private schools.
To date, the startup claims to offer its services to around 240,000 users.
