Credijusto, a Mexico City, Mexico-based fintech company which offers asset-backed loans and equipment leases to small and medium-sized enterprises (SMEs), raised $42m in Series B financing.
The round was led by Point72 Ventures and Goldman Sachs PSI, with participation from Thomvest Ventures, Wolfson Group, Third Lake Capital and Argo Ventures, as well as existing investors Kaszek Ventures, QED Investors, Broadhaven Capital Partners, John J. Mack and Supernode Ventures.
The company intends to use the funds to expand growth and launch new products, including digital advisory services and a credit card for SMEs.
Led by CEO David Poritz, Credijusto provides small and medium-sized enterprises (SMEs) with asset-backed loans and equipment leases using a combination of software design, innovative applications of data science, and advanced decision-making and product structuring processes. In its four years of operation, the company has launched multiple financial products and originated over $90 million in term loans and leases.
Credijusto, which currently employs 200 people, closed a credit facility of up to $100 million with Goldman Sachs less than five months ago.