Fasanara Capital Announces $100 Million Credit Facility to Mexican Credit Card Lender Plata

Fasanara Capital Ltd, a global asset manager with around $4 billion in AUM and a market leader in the fintech lending space, is pleased to announce a $100 million credit facility to Mexican credit card lender, Plata.

Plata aims to transform the financial ecosystem for consumers in Mexico.

Leveraging technology, Plata is dedicated to “developing financial solutions that are not only inclusive and straightforward but also reliable,” aiming to enhance “how Mexican consumers interact with their finances.”

This is Fasanara’s first deal in the Mexican consumer lending space.

Mexico is said to be “experiencing a rapid digital transformation: the growth of fintech and digital banking solutions is making consumer lending more accessible to a broader segment of the population, especially those previously underserved by traditional banks.”

Fasanara is pleased with “the completion of this sophisticated and flexible funding facility, underscoring our confidence in Plata’s potential to scale and sustain its market presence over the coming years.”

This investment is poised “to enhance the accessibility of personal finance services within an emerging market, in alignment with the financial inclusion objectives endorsed by the Mexican regulator.”

Founded in 2011, Fasanara is “a global asset manager and technology platform.”

They manage c. USD 4 billion AUM (as of March 31, 2024) “in fintech strategies on behalf of pension funds and insurance companies in Europe and North America, in addition to a mandate from the European Investment Fund (EIF).”

With c. 200 employees globally, they are an investor in Fintech Lending through their Liquid Alternative Credit Funds, “enabling real economy impact.”

Powered by their technology platform with 139 fintech lenders from over 60 countries fully integrated, they manage “the largest and longest standing Fintech Lending strategy in Europe.”

As mentioned in the announcement, Plata is “a financial services firm that is redefining the Mexican money experience.”

Plata’s focus is on simplifying “the complexities of banking processes and making them more accessible.”

With a diverse team of more than 1,000 employees, Plata seeks to “make a significant positive impact on the Mexican financial landscape.”

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