Mexico’s Ziff has reportedly acquired revenue-based real estate financing platform Arrenda.
Following this latest strategic acquisition, Ziff says that it intends to further scale the distribution of Arrenda’s key product offering, Adelanta, which is described as a financial product for commercial rental property owners based on their current rental contracts.
Arrenda, launched in 2022, reportedly underwrites businesses across the Latin American region with recurring revenue and offers as much as 36 months of their future accounts receivables.
Gerardo Name, Ziff’s founder, states that the motive behind the acquisition:
“The integration of Ziff’s established lending infrastructure with Arrenda’s cutting edge technology is set to enhance our product offering and enable us to rapidly penetrate new market sectors. By the end of 2027, our goal is to distribute over $1 billion pesos to SMEs, fueling their growth across Mexico.”
Joe Merullo, founder and CEO of Arrenda, will be joining Ziff’s executive team as the chief technology officer.
He remarked:
“Completing this transaction signifies an important milestone for Mexican SMEs; the days of waiting months to untap predictable revenue are over. At Ziff, we are fundamentally changing how Mexican businesses access financing. The synergies created with Ziff’s industry expertise and Arrenda’s technology will bring transformative change to the SME financing sector.”
As noted by its management, Arrenda explains that it is “a fintech startup that provides financial products in Latin America.”
Its flagship product is revenue based financing for the property market / real estate sector; “advancing up to 12 months of rent payments to landlords through its digital platform.”
Arrenda was reportedly “founded in 2022 and is based in Mexico City.”
As mentioned by the firm, at ZIFF, they claim to take care of advancing your tenants’ payments in a single payment, thus eliminating collection risks and so you can “focus on what is yours, and growing your business.”
