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Proptech Mexico

Fintech startup Arrenda raises over $26 million to offer credit to landlords in Mexico

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Fintech startup Arrenda raises over $26 million to offer credit to landlords in Mexico
Photo by Kenny Eliason / Unsplash

Arrenda, a fintech startup based in Mexico has raised $26.5 million in its pre-seed round in a mixture of equity and debt financing, to offer credits to landlords in Mexico.

  • The fund will be invested in research and development to build out new products on its financial platform and offer loans to property owners in Mexico.
  • The startup also launched Adelanta, a product that provides financing for property owners in the country.
  • It uses artificial intelligence to aggregate the profiles of landlords before assigning credits to them.
  • Fasanara Capital led the funding round with participation from Kube Ventures, ODX, Toehold Ventures, Wharton Fintech, Lightspeed Venture Partners Scout Fund, PRMM Inmobiliaria, and angel investors.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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