LatAm List – DILA Capital and Mountain Nazca have recently announced the acquisition of portfolio company Creze by Polygon Fintech, a company that provides financial services to the unbanked market. Creze is a financial services platform for Mexican startups that seeks to make risk assessment and management more efficient.
“We are very happy with this exit and believe that under Polygon Fintech’s leadership, Creze will continue giving credit to Mexican companies that are most in need. After joining Creze in October 2017, we’ve seen a great demand in the market for its products and think that this combination will provide an even better solution for SMEs,” said Eduardo Clavé, Managing Partner at DILA Capital.
There is an estimated credit gap of $60B for Mexican companies, of which 99.8% are SMEs.
“We are truly proud of being part of Creze since day one; we’ve seen the company evolve and grow under Diego, Gonzalo, and David’s leadership and know that it will continue to do so. I never cease to be amazed by Creze’s team’s capabilities and we’re sure that they will go far,” said Héctor Sepúlveda, Managing Partner at Mountain Nazca.
This will be DILA’s first exit from its third fund and Mountain Nazca’s third exit from its first fund.
Read more on this press release from AMEXCAP.