AlphaCredit’s $125 Million Funding Round

Goodwin Procter LLP advised AlphaCredit on its equity round for up to $125 million led by SoftBank’s Latin America Fund.

The equity infusion will allow AlphaCredit© to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion and leverage the competitive advantages of its proven and profitable business model. Other international investment funds along with a group of its existing investors are joining Softbank in this financing round. The deal is subject to, among certain customary conditions to closing, the approval of Mexico’s competition authority (COFECE) and certain third parties.

AlphaCredit© is a leading and one of the fastest growing technology-enabled financial platforms in Latin America, providing consumer loans and financial solutions for consumers and SMEs in Mexico and Colombia through innovative solutions and cutting-edge technology.

The Goodwin team was led by Joshua Klatzkin (Picture), Joseph Bernardi, Christopher Isaacs, Amanda Leese, Tyler Winters, Carolina Guerrero (Private Equity) and David Patton and Alex Apostolopoulos (Tax).

Involved fees earner: Alex Apostolopoulos – Goodwin Procter; Joseph Bernardi – Goodwin Procter; Carolina Guerrero – Goodwin Procter; Christopher Isaacs – Goodwin Procter; Joshua Klatzkin – Goodwin Procter; David Patton – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Alphacredit Capital, S.A. De C.V;

Author: Ambrogio Visconti