Syscap has secured USD $2.3M in seed funding to expand its infrastructure aimed at aiding Mexico's non-banking lenders in managing and accessing private credit.
Founded by David Noel Ramírez and Alejandro O’Farrill, both formerly of FEMSA, Syscap provides a unified platform where customers can register their private credit lines and handle communication, monitoring, and reporting tasks, eliminating the need for traditional banking software, spreadsheets, and manual processes.
As the private credit market's assets under management have nearly tripled between 2011 and 2022, Syscap aims to address the growing credit liquidity gap. Syscap differentiates itself by focusing on democratized access to private credit for all stakeholders, not just non-banking financial institutions.
Currently, Syscap serves over 100 non-banking financial institutions in Mexico and offers access to short-term financing options.
The USD $2.3M seed round was led by Wollef and included Redwood Ventures, Melek Capital, 500 Global, Angel Hub Ventures, and a group of angel investors. Syscap plans to use the funding to invest in technology and product development.
