Venture Capital Mx - syscap
Mexico's non-bank lenders, also known as "shadow banks," grew quickly during the pandemic, taking a?large share (20%)?of the private credit market.
These lenders provided vital financial lifelines to millions of small and medium-sized businesses, offering everything from unsecured loans to payroll solutions.
However in 2022, as interest rates increased and liquidity challenges surfaced, three major players defaulted within a single year, causing traditional banks and international investors to become hesitant about stepping in to fill the void.
Enter syscap.
David N. Ramirez, Alejandro O'Farrill and the rest of the Syscap team are?aiming to enhance the access to private credit across LATAM by building a financial infrastructure through their unified platform.
https://lnkd.in/eB6m8Et5
#startups #mexico #venturecapital
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