Fasanara Announces USD 100 Million Debt Financing for Plata in Mexico

[London, United Kingdom, May 7, 2024] — Fasanara Capital Ltd (“Fasanara”), a global asset manager with c. USD 4 billion in AUM and a market leader in the fintech lending space, is delighted to announce a USD 100 million credit facility to Mexican credit card lender, Plata.

Plata seeks to redefine the financial landscape for consumers in Mexico. Leveraging state-of-the-art technology, Plata is dedicated to developing financial solutions that are not only inclusive and straightforward but also reliable, aiming to revolutionise how Mexican consumers interact with their finances.

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

About Fasanara

Founded in 2011, Fasanara is a global asset manager and technology platform. We 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, we are a pioneer investor in Fintech Lending through our Liquid Alternative Credit Funds, enabling real economy impact. Powered by our technology platform with 139 fintech lenders from over 60 countries fully integrated, we manage the largest and longest standing Fintech Lending strategy in Europe. For more information, please visit https://www.fasanara.com/

About Plata

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. For more information, please visit https://platacard.mx