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Mexico’s Mattilda Raises USD $10M to Help Latin American Schools Streamline Financial Processes

Mattilda is a SaaS solution that helps schools in Latin America streamline financial and administrative processes.

Thanks to Mattilda, private schools are able to receive their payments on the first day of the month and access medium and long-term credits. For parents, Mattilda offers a digital platform with various options to facilitate their payments.

They recently announced USD $10M seed round led by New York private equity fund FinTech Collective, with the participation of DILA Capital, QED Investors, GSV Ventures, Picus Capital, Emerge Education, SMP, and Xochi Ventures.

In a statement, the startup said it will use the new capital to grow its service. FinTech Collective praised Mattilda for its team and its potential to expand throughout the rest of Latin America.

Mattilda stated that despite targeting the K-12 segment, they are also exploring higher education.

The company was founded this year by José Agote, Jesús Lanza, Juan Pablo Bravo, Adrián Garza, and Ileana Gómez, who have previously owned and operated private schools in Mexico. In the press release, they emphasize that their experience made them reflect on the excessive time schools spend on financial procedures.

According to José Agote (CEO), Mattilda “frees up time for schools to focus on what they do best: offering quality education.” For his part, Jesús Lanza, co-founder, said: “We are very excited about this round of capital and about partnering with top-tier global investors.”