STAMFORD, Conn., Dec. 16, 2024 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors company, is pleased to announce that it has successfully facilitated the sale of a MXN$ 280 million portfolio of consumer loans originated by Baracaf, S.A. de C.V., SOFOM, E.N.R. (“Crediapoyo”). The sale was done through a Mexican trust and sold to a global alternative asset management firm. Finacity acted as structuring agent and will serve as the Master Servicer responsible for all ongoing program administration and reporting.
Javier Muñoz, Crediapoyo’s CEO, stated: “This is the first sale of loans from our portfolio, and it will allow us to diversify our funding sources and continue with our growth plans. We are very pleased with the job that Finacity has done in facilitating such a milestone transaction for Crediapoyo and we look forward to a strong continued partnership with Finacity.”
About Crediapoyo
Crediapoyo, founded in 2018, is a Mexican non-bank financial institution that specializes in providing payroll loans to government employees.
About Finacity
Finacity, a White Oak Global Advisors company, specializes in the structuring and provision of efficient capital markets receivables funding programs, and program administration. Finacity currently facilitates the financing and administration of an annual receivables volume in excess of US $200 billion. With resources in the USA, Europe, Asia, and Latin America, Finacity conducts business throughout the world with obligors in 210 countries and territories. Finacity is affiliated with White Oak Global Advisors, LLC, a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. For further information, please visit www.finacity.com.
For more information on this transaction, please contact:
Finacity Corporation
Antonio Villa
Managing Director
Tel: +1 (203) 428-3510
Email: avilla@wofinacity.com
Jim Leonard
Managing Director
Tel: + 1 (551) 998-1498
Email: jleonard@wofinacity.com
