Credix, a leading platform providing financing to small business and consumer loan portfolios in Latin America, announced today that it has closed a $60 million credit facility. This credit facility was secured through a partnership with a US alternative investment manager focused on asset-based lending opportunities, which manages a significant $3 billion portfolio.
Thomas Bohner, CEO of Credix, commented on this milestone: "Credix's state-of-the-art technology platform now facilitates access to credit opportunities across Latin America for this multi-billion dollar credit fund. This strategic partnership allows Credix to not only expand its operational footprint, but also to help generate risk-adjusted returns while fostering positive social impact."
This latest round of funding solidifies Credix's commitment to supporting small and medium-sized enterprises by providing senior debt through various technology-enabled origination platforms across Latin America. The success of these platforms and the businesses they support will significantly improve the financial well-being of modest to moderate income individuals in these regions. An initial $7.5 million of this facility will be used to assist small and medium-sized enterprises (SMEs) in Brazil through accounts receivable financing.
The alternative asset manager's decision to partner with Credix is based on a shared dedication to improving access to credit in Latin America by leveraging technology. Credix uses blockchain and smart contracts to streamline data processing, asset tokenisation and real-time monitoring and reporting. This innovative approach not only offers investors an unprecedented level of transparency, but also allows Credix to serve the Latin American market at scale in an efficient manner.
The closing of this debt facility is an important milestone for Credix, as it allows the platform to further expand its reach and impact in Latin America.
Credix, a leading platform providing financing to small business and consumer loan portfolios in Latin America, announced today that it has closed a $60 million credit facility. This credit facility was secured through a partnership with a US alternative investment manager focused on asset-based lending opportunities, which manages a significant $3 billion portfolio.
Thomas Bohner, CEO of Credix, commented on this milestone: "Credix's state-of-the-art technology platform now facilitates access to credit opportunities across Latin America for this multi-billion dollar credit fund. This strategic partnership allows Credix to not only expand its operational footprint, but also to help generate risk-adjusted returns while fostering positive social impact."
This latest round of funding solidifies Credix's commitment to supporting small and medium-sized enterprises by providing senior debt through various technology-enabled origination platforms across Latin America. The success of these platforms and the businesses they support will significantly improve the financial well-being of modest to moderate income individuals in these regions. An initial $7.5 million of this facility will be used to assist small and medium-sized enterprises (SMEs) in Brazil through accounts receivable financing.
The alternative asset manager's decision to partner with Credix is based on a shared dedication to improving access to credit in Latin America by leveraging technology. Credix uses blockchain and smart contracts to streamline data processing, asset tokenisation and real-time monitoring and reporting. This innovative approach not only offers investors an unprecedented level of transparency, but also allows Credix to serve the Latin American market at scale in an efficient manner.
The closing of this debt facility is an important milestone for Credix, as it allows the platform to further expand its reach and impact in Latin America.
Credix, a leading platform providing financing to small business and consumer loan portfolios in Latin America, announced today that it has closed a $60 million credit facility. This credit facility was secured through a partnership with a US alternative investment manager focused on asset-based lending opportunities, which manages a significant $3 billion portfolio.
Thomas Bohner, CEO of Credix, commented on this milestone: "Credix's state-of-the-art technology platform now facilitates access to credit opportunities across Latin America for this multi-billion dollar credit fund. This strategic partnership allows Credix to not only expand its operational footprint, but also to help generate risk-adjusted returns while fostering positive social impact."
This latest round of funding solidifies Credix's commitment to supporting small and medium-sized enterprises by providing senior debt through various technology-enabled origination platforms across Latin America. The success of these platforms and the businesses they support will significantly improve the financial well-being of modest to moderate income individuals in these regions. An initial $7.5 million of this facility will be used to assist small and medium-sized enterprises (SMEs) in Brazil through accounts receivable financing.
The alternative asset manager's decision to partner with Credix is based on a shared dedication to improving access to credit in Latin America by leveraging technology. Credix uses blockchain and smart contracts to streamline data processing, asset tokenisation and real-time monitoring and reporting. This innovative approach not only offers investors an unprecedented level of transparency, but also allows Credix to serve the Latin American market at scale in an efficient manner.
The closing of this debt facility is an important milestone for Credix, as it allows the platform to further expand its reach and impact in Latin America.
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