The Mexican fintech Resolve your Debt secured a $ 24 million investment from Vulcan Capital (the investment arm of the estate of Paul G. Allen, co-founder and philanthropist of Microsoft) and Freedom Financial Network, the largest provider of credit repair services in the United States.
The credit repair company has raised nearly 50 million dollars in the last 12 months, and this new investment will allow it to continue its expansion in Europe and Latin America.
In addition to Spain and Portugal, countries in which it has been operating since 2018 and 2020 respectively, Solve your Debt It will start operations in Italy during the first four months of 2021. In Latin America, in addition to Mexico, it operates in Colombia and Argentina, and plans to enter the Brazilian market soon.
“Our goal is to achieve financial inclusion for more clients around the world as we work to ease the burden of their debt. This growth capital will be used to expand as a spokesperson for debtors in other countries in Latin America and Europe, ”said Juan Pablo Zorrilla, Co-Director and Co-Founder of Solve your Debt, in a statement.
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