Credix Secures $60 Million Credit Facility

Published 5 months ago
  Credix

Latin America’s leading financing platform, Credix, recently announced the closure of a $60 million credit facility. This significant development was possible through a partnership with a US-based alternative investment manager, a notable player in asset-based lending opportunities with a $3 billion portfolio under its management.

Credix’s Technological Edge

Credix leverages a state-of-the-art technology platform to facilitate access to credit opportunities across Latin America. This strategic alliance not only enhances Credix’s operational presence but also aids in generating risk-adjusted returns while fostering positive social impact.

Funding Boosts Credix’s Commitment

This latest round of funding reinforces Credix’s dedication to supporting small and medium-sized enterprises across Latin America. The company aims to provide senior debt through various technology-enabled origination platforms. The success of these platforms significantly improves the financial wellbeing of individuals with modest to moderate income in these regions.

An initial allocation of $7.5 million from this facility will be dedicated to assisting small and medium-sized enterprises in Brazil through accounts receivable financing.

Shared Vision for Improved Credit Access

The alternative asset manager’s decision to partner with Credix is rooted in a shared commitment to improving credit access in Latin America. Credix employs blockchain and smart contracts to simplify data processing, asset tokenization, and real-time monitoring and reporting. This innovative technique offers investors an unprecedented level of transparency and allows Credix to serve the Latin American market efficiently and at scale.

Milestone for Credix

The closure of this debt facility is a significant milestone for Credix, allowing the platform to further extend its reach and impact in Latin America.