UK-based fintech investor Lendable provided a $50 million line of credit to Mattilda, a Mexico City-based company that lends against private schools’ expected tuition payments to help them manage cash flow. Lendable invests in fintech companies in emerging markets that support financial and economic inclusion. “Mattilda’s mission is bold: to empower schools serving low- and middle-income families with the financial tools and solutions they need to achieve financial resilience and long-term sustainability,” Lendable’s team wrote.
In addition to its financing, Mattilda provides back-end billing and payment software to help schools avoid tuition delinquencies and defaults. The three-year-old company works with schools educating more than 240,000 students in Mexico, Colombia and Ecuador.
Lendable’s loan follows Mattilda’s $10 million equity round, led by Mexico City-based Dila Capital. Dila reupped in the company after first investing in 2022.
QED Investors, GSV Ventures and Fintech Collective also participated in the new equity round.
