Mexican fintech Syscap secured $2.3M in funding to improve access to private credit for companies and individuals.
The round was led by Wollef with the participation of Redwood Ventures, Melek Capital, 500 Latam, and Angel Hub Ventures.
“What sets Syscap apart is our focus on building a holistic platform for democratized access to private credit, not just for non-banking financial institutions, but for all stakeholders involved — from lenders and underwriters to borrowers and investors,” said David Ramírez, co-founder of Syscap.
Syscap was founded by David Ramírez and Alejandro O’Farrill. The founders met while working at FEMSA, the Mexican beverage retail company that operates the largest independent Coca-Cola bottling group worldwide, and Oxxo, the biggest convenience store in Mexico.
Syscap has over 100 non-banking financial institutions across Mexico managing their private credits on its platform.
Read more on Tekios