Financing Platform Credix Closes $60M In Credit Facility In Partnership With Alternative Asset Manager

Credix, a platform providing financing to small businesses and consumer loan portfolios in Latin America, closed a $60 million credit facility wherein an initial $7.5 million will assist Small and Medium Enterprises (SMEs) in Brazil through receivables financing.  

What Happened: Venture capital-backed tech company, Credix was founded in 2021 and it currently manages around $30 million in assets with a focus on small businesses and consumer loan portfolios in Latin America. With this financing, the firm’s assets under management will expand to $100 million.

It has an office presence in New York City, Antwerp, and São Paulo. The company uses cutting-edge technology and advanced risk management techniques for introducing risk-adjusted returns and scalability.

Credix obtained the facility through a partnership with a U.S.-alternative investment manager ($3 billion portfolio) which focuses on asset-based lending opportunities.

Industry titans BlackRock, DTCC, OCC, State Street, Société Générale, Hedera, Citi, BMO, Northern Trust, Citibank, Amazon, S&P Global, Google, Invesco, and Moody’s will join our November 14 Future of Digital Assets. Secure a spot here to join them.

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Why It Matters: This facility will assist the Credix platform in expanding its reach and impact in Latin America. It will provide senior debt through various tech-enabled origination platforms across Latin America.

Credix CEO Thomas Bohner states, “This strategic collaboration empowers Credix to not only expand its operational footprint but also contribute to generating risk-adjusted returns while fostering a positive social impact.”

Credix and the investment manager look to provide credit access in Latin America through leveraging technology wherein the former employs blockchain and smart contracts to streamline data processing, asset tokenization, and real-time monitoring and reporting.

This news comes on the heels of Benzinga’s Future Of Digital Assets Event in New York scheduled on Nov.14. Attend and learn more about companies providing financing using blockchain and smart contracts. The gathering is seen as pivotal for the digital assets’ community. The event will spotlight the latest trends, innovations, and challenges in the digital asset realm.

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