STAMFORD, Conn., April 23, 2019 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”) is pleased to announce that it served as advisor to a new US$10 million loan funding program recently closed between Dinerito Audaz, S.A.P.I. de C.V. SOFOM, E.N.R. (“Dinerito”) of Mexico and a USA based fund. The program facilitates a significant increase in future origination for the rapidly growing consumer loan portfolio of Dinerito.
“We’re very excited with our new funding partner and facility,” said Dinerito CEO Paul Bustos. “This new funding facility puts Dinerito on the right path to continue to grow our share of the payroll market in Mexico.” The advisory also represents another achievement for Finacity, which has closed several transactions for multiple clients, denominated in both MXN and USD, in the Mexican consumer finance sector.
About Dinerito
Dinerito is a non-bank financial institution that extends credit to Mexican federal, state and municipal government employees, in the energy, health, education, and other sectors, through payroll deduction plans. Dinerito was founded in 2011 and has 22 branches located across Mexico. For more information on Dinerito, please visit the website www.dinerito.com.
About Finacity Corporation
Finacity Corporation specializes in the structuring and provision of efficient capital markets funding programs, state-of-the-art servicing, and transaction administration. Finacity currently facilitates the financing and administration of approximately $100 billion of receivables annually. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world in more than 175 countries. The Finacity consumer receivable activities incorporate consumer loans, auto loans, credit card receivables, retail installment and all other specialty finance classes. For more information on our company, please visit www.finacity.com.
For more information, please contact Finacity Corporation:
Antonio Villa, Managing Director, Latin America
Tel. (203) 428-3510
Paul Jenison, Managing Director, Consumer Finance
Tel: (203) 428-3511
Jim Leonard, Managing Director, Placements
Tel: (203) 428-3584