Investment

Mexico’s Credijusto raises $42M Series B

LatAm ListCredijusto offers asset-backed loans and equipment leases to SMEs in Mexico, a market currently underserved by traditional financial services. Founded in 2015, Credijusto has raised over $150M to date from top investors such as Kaszek Ventures and QED Investors.

Their most recent round was led by Goldman Sachs and Point72 Ventures, with support from Thomvest Ventures, Wolfson Group, Third Lake Capital, and Argo Ventures.  This round comes less than five months after Credijusto closed a $100M credit agreement with Goldman Sachs.

From PR Newswire:

“We have been impressed with the growth in the Mexican fintech space, and this investment reflects our belief in Credijusto’s ability to become the market leader in Mexico. We look forward to working with the company to help it achieve its ambitious goals,” said Don Butler, Managing Director of Thomvest Ventures.

Credijusto is tackling significant inefficiencies in the Mexican banking industry and has already processed over $90M in loans to date. The most recent investment will be used to fuel the startup’s rapid growth and develop new projects, such as a credit card for SMEs.

Read more in PR Newsire.

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