Fairplay secures US$100M to boost ventures in Mexico

Fairplay, the leading revenue-based financing platform in Latin America, recently announced the closure of a significant credit line worth 100 million dollars from Community Investment Management LLC (“CIM”) as part of its ongoing efforts to provide fast financial solutions.

"We are thrilled to have Community Investment Management LLC (“CIM”) as a partner in our mission to empower entrepreneurs fairly and continue building technological and financial products that accelerate the competitive capabilities of entrepreneurs," said Manolo Atala, co-founder, and CEO of Fairplay.

Financing solutions for e-commerce

Fairplay provides technological and financing solutions for e-commerce businesses and marketplace sellers in Mexico. The newly secured credit line will help the company continue its mission of providing fast, flexible, and fair financing options for an underserved and high-growth market in the country.

In addition to this, Fairplay has also secured an additional 8.5 million dollars in capital from internal investors such as Dila Capital, Elevar Equity, Speedinvest, Nazca, and Kayyak Ventures. The company plans to use the funds to further develop its value-added services platform and expand its financial products.

"This credit line will allow us to scale our platform and provide even more flexible financing options to an underserved but high-growth market in the country. We are also grateful for the continued support of our internal investors, who share our vision of making Latin America more equitable and prosperous.", added Atala.

With these funds, Fairplay is poised to continue its growth trajectory and help support the many entrepreneurs across Latin America that require reliable, fast, and fair financial solutions. The company is committed to leveraging technology to streamline financing and other key business processes, creating a more equitable and prosperous Latin America in the process.