Finance Fintech News

Alloy Capital Raises US$100 Million Secured Credit Facility from Victory Park Capital

Alloy Appoints Venture Capital Veteran Kiran Hebbar as Chief Financial Officer

Alloy Capital is pleased to announce that it has entered into a US$100 million senior secured credit facility with Victory Park Capital. The Facility will enable Alloy Capital to finance the origination of structured finance loans in Mexico.

Alloy Capital financing solutions target the largely untapped need for credit by companies in Mexico, offering tailored loans with flexibility in terms and repayment schedules. Since its founding in 2015, Alloy Capital has become one of Mexico’s most prominent private loan providers, and the partnership with VPC aims to further solidify Alloy Capital’s leading position in the Mexican market.

Latest Fintech News: Relay Payments Supports Schneider in Boosting Efficiency, Increasing Billing Accuracy and Reducing Fraud

“VPC’s partnership is a confirmation of our investment thesis in Mexico, and its funding will accelerate our growth plans to obtain private equity-like returns with proven US leveraged finance technology,” said Alloy Capital’s CEO Richard Vaughan.

“Alloy Capital has consistently driven cross-border innovation and successfully differentiated itself as a highly sought-after lender for middle-market and small businesses in Mexico,” said Gordon Watson, Partner at Victory Park Capital. “We believe Alloy Capital is well-positioned to continue capturing market share as it fulfills the historically unmet resource needs of growing companies in the region.”

Latest Fintech News: Super Dispatch Launches SuperPay, the All-New, First-in-Market Integrated Payments Feature within an Auto Transport Platform

About Alloy Capital

Alloy Capital is a cross-border credit provider created to meet the growth capital needs of middle-market and small companies in Mexico and the United States. Alloy Capital is led by a seasoned and multicultural management team with deep experience in structured credit and private equity in Mexico, the US, the US Hispanic market, and other developing markets. Alloy Capital’s goal is to be a value-added finance partner to growth companies operating within and between Mexico and the US.

Latest Fintech News: 86 Percent of Americans Worried About Inflation’s Impact on Their Financial Health In 2023

[To share your insights with us, please write to sghosh@martechseries.com]

Related posts

Qredo Raises $11 Million in Seed Funding to Launch Decentralized Digital Asset Management Infrastructure to Unlock New Opportunities Across DeFi

Cadence Bank and NCRC Announce $20.7 Billion Community Benefits Plan

Fintech News Desk

Peak Fintech Begins Acquisition Process of Banking AI Software Provider Zhongke with Transfer of IP Following Successful Pilot

Fintech News Desk
1