We’re thrilled to share that Mattilda, the platform giving private schools in Latin America a modern financial engine, has secured a $50M credit facility from Lendable, the global private credit fund focused on financial inclusion in emerging markets. The facility comes on top of $39M in equity raised to date, including the $19M Series A led by GSV Ventures in 2023 and a $10M seed round in 2022, where we first invested.
Founder and CEO José Agote and his co-founders ran private schools themselves before building Mattilda, so they know the quiet crisis first-hand: schools across the region spend their energy chasing late payments instead of teaching. That lived experience is what convinced us at seed: a rare founding team who have sat in the seat of the user, felt their pain, and then gone off to build the solution they needed all along. Mattilda handles collections, payment processing, factoring and financing in one platform, giving schools predictable cash flow and families flexible ways to pay.
Three years in, the platform serves around 240,000 users and has expanded beyond Mexico into Colombia and Ecuador. Debt of this size is a milestone of a particular kind: it’s what growth looks like when the underlying lending model works.
“In Latin America, a child’s education can hang on whether a small private school collects enough fees this month to pay its teachers next month. When the cash runs out, schools don’t restructure – they close mid-year, and the children are forced to scatter. José and his co-founders lived this from the school side, and Mattilda is their answer: financial infrastructure that keeps schools solvent, teachers paid and classrooms open. What multiplies like this? Stabilise one school and you’ve protected the education of every child in it.”
Nic, Emerge
The facility will fund product development, growth in existing markets, international expansion and strategic acquisitions.
¡Adelante to the whole team!
