Issuer: ID Finance Investments, S.L.
/ Key word(s): Financing/Financing
The funds will be used to support the growth of its consumer lending business in Mexico, which has seen significant traction in recent years.
The financing transaction is structured via a Master Collection Trust Fund set up in Mexico, with Actinver Bank S.A, Multiple Banking Institution, Financial Group Actinver acting exclusively as an independent trustee of the irrevocable trust administration contract and payment source.
This structure enables ID Finance to efficiently operate cash flows, while ensuring a safe and convenient cash control tool for the investor.
ID Finance in Mexico currently has 2 million unique registered users and originated €98 million in consumer loans in 2022 and has kept gaining traction during the 1st quarter of 2023, after issuing an amount of €22M, demonstrating 12% growth compared to the last quarter of 2022.
With the support of the new debt facility, the company is aiming to accelerate its growth further while strengthening its profitability as it scales under the leadership of Country Manager Leslie Sánchez.
“We are excited to take our consumer finance business in Mexico to the next level and position ourselves as ultimate market leaders in that segment. We have the talent and the expertise to keep maximising ID Finance potential in Mexico”, said Leslie Sánchez, Country Manager of ID Finance Mexico.
Boris Batin, co-founder of ID Finance, highlighted: "We are excited to partner with SR Alternative Credit and believe that their support will help us continue to our expansion in Mexico and drive innovation in the sector. This is a second milestone transaction for us in 2023, which is a testament to the strength of our business model. I am proud of the team and what they have achieved in the recent years, and I am sure the best is yet to come”.
Peter Faigl, Chief Investment Officer of SR Alternative Credit, pointed out: “We are delighted to partner with ID Finance Mexico and support their growth strategy in this promising market. Given its strong track record, we believe the business is in an excellent position to keep attracting new underserved customers thus further promoting financial inclusion in Latin America.”
About ID Finance
SR Alternative Credit is an alternative asset manager focused on asset-based lending transactions with small- and medium-sized businesses. Operating at the crossroads of investors seeking attractive risk-adjusted yields and emerging companies, SR Alternative Credit provides capital for expansion, acquisitions or growth. For more information, visit www.sraltcredit.us.
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