Digital payments are gaining momentum in Latin America, and startups like Mexico-based mattilda are putting their spin on streamlining financial and administrative processes for private schools while also offering credit backed by future school fees. The company is also the latest to secure capital, raising $10m in seed funding led by FinTech Collective. Also participating in the round was a group of investors including DILA Capital, QED Investors, GSV Ventures, Picus Capital, Emerge Education, SMP and Xochi Ventures.
“There is a fault in the system with schools nowadays and they’re painfully aware of it,” Agote told TechCrunch. “The main problem is that these collection cycles are much longer than what people expect.”
https://techcrunch.com/2022/10/27/mattilda-fintech-latin-america-private-schools/
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