Panama, April 13, 2020. Morgan & Morgan advised Alpha Holding, S.A. de C.V., (AlphaCredit), a technology-enabled financial platform specialized in consumer lending and financial solutions for small and medium enterprises, in relation to (i) a capital raise of US$125,000,000.00 from a group of investors led by Japanese fund Softbank; and (ii) a corporate reorganization, which includes the jurisdiction of Panama.
AlphaCredit uses a programmed deduction system to provide rapid, online loans to individuals and small businesses. To date, the startup has granted more than US$1 billion in loans to small business clients in Mexico and Colombia, many of whom have never previously had access to financing.
Partners Francisco Arias and Roberto Vidal participated in this transaction.
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