Credit Suisse provided a $100 million debt facility to Credijusto, a tech-enabled lender in Mexico. The transaction provides Credijusto with additional funding diversification and capacity to increase its lending across Mexico and expand credit access for small and medium-sized enterprises (SMEs).
“This credit facility represents a significant milestone for Credijusto, particularly given the uncertain economic times that we are entering, and allows us to continue to transform the way Mexican SMEs access capital,” David Poritz, co-CEO of Credijusto, said.
Credijusto currently provides term loan and credit line products, but it will launch a credit card later this year and is in the process of expanding into equipment lease financing. In its first five years of operation, Credijusto has launched multiple financial products and originated more than $120 million in term loans and leases, growing at a compounded annual rate of more than 200%.
“This financing will further support our growth trajectory and enable us to step-in and support the perennially underserved Mexican SME market segment as banks and other credit providers are retrenching,” Allan Apoj, co-CEO of Credijusto, said.
