Mexican fintech CXC raised a $32.6M Series A round led by Kaszek. Quona, Mercado Libre Fund, Daedalus, Saison Capital, and Actyus also participated in the round.
CXC will use the funds to expand into the US and other Latin American countries and to further develop its tech.
CXC offers a SaaS platform to simplify private debt transactions in Latin America. CXC’s key services include credit facility management, calculation of payment waterfalls, due diligence audits, legal rights transfers, asset validation, backup servicing, and secure document storage. These services reduce operational complexity and improve transaction efficiency for financial institutions.
Founded in 2018, CXC currently manages $10.5B in transactions and serves clients like Goldman Sachs, Citi, Nomura, UBS, Mercado Libre, Kavak, and Stori.