Crowdfunding in Mexico reached non-bank financial institutions

The evolution of the crowdfunding sector in Mexico reached non-bank financial institutions, these companies, as investors, can distribute financing to organizations that require it, using different platforms, mainly small and medium enterprises.

58 institutional investors attracted in the platform

In an interview, Fernando Padilla Ezeta, co-founder of the Lendera platform, indicated that this crowdfunding company managed to attract 58 institutional investors. Among them are multi-object financial companies (sofomes) or leasing companies. They were able to finance companies seeking leasing options for their operation.

“Lendera is connecting the traditional world of financial intermediaries with the technological world and these new models (…). See Lendera as a client generator, as a vehicle to syndicate (with other platforms) clients. Then an inertia and a quite interesting connection made between a fintech. In this case a crowdfunding one, and traditional sofomes or entities,” commented Padilla Ezeta.

Connecting investors and companies

The co-founder of Lendera explained that the operation of this platform focuses on connecting investors with companies that require a leasing option. With the investment money buy the goods that the applicant organization requires and the income from them distributes the return that can range from 14 to 30% annually.

In this context, Padilla Ezeta said the model appeals to non-bank financial companies. Because, they can share a credit with another financial institution.

International

Lendera is a collective funding platform focused on leasing. It began operations in 2017 and, since its inception to date, managed to attract 3,000 investors. Currently it has a leasing portfolio close to $50 million pesos.

Padilla Ezeta commented that from the beginning of the platform the focus of the regulation with the Fintech Law was the reason why Lendera was one of the 25 companies of collective funding. It managed to put its request of authorization before the National Banking and Securities Commission (CNBV) to operate under this normative framework.

The platform complies with requirements

The co-founder of Lendera indicated that, although the issue of implementing all the cybersecurity controls required by the regulations was the biggest challenge, it was important to comply with the requirements. So that, their customers and the market would feel more confident about this platform.

“The law will surely bring certainty to business models such as Lendera. It will bring more security and more investors, more clients, new competitors and a greater growth of the industry.”

Evolved industries

Padilla Ezeta added that after submitting his application to the CNBV, work began on his internationalization. In order to have operations in the short term in the United States, Canada and the United Kingdom. “They are the most evolved industries in the world of collective funding. Besides, could attract synergies for the model of Lendera Mexico.”

Likewise, it is planned that, by 2020, it will have a first series of capital raising. Since for Padilla Ezeta, the moment of economic slowdown is a golden opportunity for collective funding companies to position themselves more in the market.

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(Featured image by Pepi Stojanovski via Unsplash)

First published in eleconomista, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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