Mexican startup Mattilda raised a $10 million seed round led by New York private equity fund FinTech Collective. Also participating in the round was a group of investors including DILA Capital, QED Investors, GSV Ventures, Picus Capital, Emerge Education, SMP and Xochi Ventures.
Mattilda is a Software as a Service platform dedicated to solving school finances in Mexico and Latin America. Mattilda’s schools have access to automated collection management products, guaranteed income, as well as medium and long term credit products to solve their financial problems so they can focus on providing quality education.
With its SaaS tool, Mattilda enables parents to get a personalized payment link via email or WhatsApp and can then make tuition payments in a number of ways, including debit cards, credit cards, bank transfers and flexible credit lines, in seconds.
With this fresh funds, Mattilda plans to expand to other Spanish-speaking countries in Latin America, starting with Colombia. In the press release, the startup states that despite targeting the K-12 segment, they are also exploring higher education.
Mattilda was founded earlier this year by Jose Agote, Jesus Lanza, Juan Pablo Bravo, Adrian Garza, and Ileana Gomez, who have previously owned and operated private schools in Mexico.
This founding announcement comes right after Argentinian Fidu announced a $5 million round.