Morrison & Foerster advised SoftBank in connection with a Series B financing round led by SoftBank’s Latin America Fund totaling $125 million in AlphaCredit, one of the fastest growing technology-enabled financial platforms in Latin America.
AlphaCredit provides consumer loans and financial solutions for consumers and SMEs in Mexico and Colombia through its innovative solutions and cutting-edge technology. The company says that the equity infusion will allow it to consolidate its place as one of the leading financial technology platforms in Latin America, continue its expansion, and leverage the competitive advantages of its proven and profitable business model.
The MoFo team was led out of Miami by corporate partner Randy Bullard, co-chair of the firm’s Latin America Desk, and included partners Alexandra Aguirre and Juan Delgado and associate Axel Miranda.
Read the related press release.