R2 secures a $100M debt facility from CIM

Hand holding a cellphone with R2's app open

R2, a lending infrastructure company, closed a $100M debt facility from Community Investment Management (CIM)

R2 enables payment processors, POS systems, and marketplaces to provide financing to small and medium businesses (SMBs) in Latin America.

This transaction will enable R2 to scale and strengthen its lending capabilities and partnerships.

“This facility will enable R2 to provide seamless financial services to a broader range of small businesses that sell digitally, fostering economic growth in Mexico,” said Thomas Wright, Head of Finance & Capital Markets at R2.

In September 2022, R2 raised a $15M Series A round, led by Gradient Ventures, Google’s AI-focused venture fund. 

Since its founding, R2 has emerged as a key player in the sector, launching multiple embedded lending partnerships and originating over $20 million in Revenue-Based Financing and B2B Buy Now, Pay Later to over 6,000 SMBs in Mexico, Colombia, Chile, and Ecuador.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like