LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

VARIV Capital Leads US$1.8m Investment in Mexico’s Yotepresto

9 January 2019

VARIV Capital led a US$1.8m investment in Yotepresto, a Guadalajara-based consumer lending marketplace, with participation from Redwood Ventures, Tonk Capital and unnamed angels.

(Press Release) VARIV Capital led Yotepresto.com‘s latest $1.8M USD round. Redwood Ventures, Tonk Capital and several incumbent angel investors also participated in the financing. The company will use the proceeds to scale its operations, and to develop new generation financial products and services.

Yotepresto.com is an online lending marketplace that connects borrowers with retail and institutional investors to crowdfund loans through their platform. By directly connecting borrowers with investors, the company is transforming the financial system, democratizing investing, and making credit more affordable. Yotepresto.com operates fully online thus keeping low operating costs.

The company offers unsecured personal installment loans. Loan applications are received through the Yotepresto.com website and are analyzed using a proprietary scoring model. Moreover, the company uses state-of-the-art underwriting to assess risk and to define interest rates for each customer. Identity and fraud checks are applied to prevent delinquency. All loans are fully serviced by the company.

Since inception in June 2015, the company has registered +500k users, and facilitated ~$270M MXN in loans, delivering consistent ~17% annual returns for +30k retail investors, and has maintained a default rate <2%, outperforming all marketplace lenders in Mexico.

Luis Rubén Chávez is co-founder and CEO of Yotepresto.com. He worked for 8 years in the financial and personal loans industry, where he served as COO and CFO for a nation-wide Mexican Micro Finance Institution (MFI). He has leveraged his experience in finance, credit risk assessment and fund management in the Mexican market to launch Yotepresto.com.

VARIV Capital Leads US$1.8m Investment in Mexico’s Yotepresto was last modified: January 22nd, 2019 by Editor
MexicoRedwood VenturesTonk CapitalVariv CapitalVCVenture CapitalYotepresto
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • Congratulations to all the winners of the 9th annual LAVCA ESG Deal Awards! Learn more about the winners here:… https://t.co/VSLSO2QDkU

    25-May-2023

    Reply Retweet Favorite
  • Join us at 10 am ET for LAVCA's 9th annual ESG Deal Awards! Join here: https://t.co/idTeK2S6lK #investors #LatAm… https://t.co/bbCEAOfjtd

    25-May-2023

    Reply Retweet Favorite
  • Nicolas Szekasy and Francisco Alvarez-Demalde of LAVCA Member firms @KaszekVentures & Riverwood Capital shared thei… https://t.co/GtxubjgCYD

    22-May-2023

    Reply Retweet Favorite
  • The 9th Annual LAVCA ESG Deal Awards will take place next Thursday, 25 May 2023 at 10 am ET on LinkedIn. LAVCA Mem… https://t.co/NpRQSoZgkJ

    18-May-2023

    Reply Retweet Favorite
  • Join us for "Increasing Participation of Women in Private Capital", the next module in the Inside Private Capital e… https://t.co/eQm8BFtlFg

    16-May-2023

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top