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mattilda


FinTech Collective Invests in Mattilda

Published:

Oct 27, 2022


Author:

Sarah Parsons Wolter

Posted In:

mattilda

Published:

Oct 27, 2022


Author:

Sarah Parsons Wolter


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We are very pleased to announce FinTech Collective’s investment in Mattilda, a Mexico-City based SaaS solution helping private schools in Latin America streamline their financial and administrative processes. The capital will allow Mattilda to continue growing its receivables operation, enabling tuition payments to be made digitally by various methods, as well as to continue building an interface for communication with students’ families. Though initially focused on K-12, higher education is a growth avenue the team is already exploring due to its exceptional background in the space.

At FinTech Collective, we have continued to build our conviction surrounding the opportunities and applications of embedded finance in emerging markets, and this investment represents a further step in that direction. These solutions work to layer in financial services to peripheral sectors, which in turn enhances efficiency, organization, and profitability of complementary business models.

We first met José, Jesús and the rest of the founding team in Mexico City, introduced via an angel investor in the company. During that time they were concluding their work with Lottus Education, a university platform that has grown exponentially in Mexico, and now represents the most successful investment ever in the LatAm search fund space. Today, Lottus has five brands and over 90,000 students. Through this experience, the team intimately understood the challenges that private school systems face, including volatile and unpredictable cash flows due to the erratic nature of tuition collections.

We are excited to back their mission to become the leading financial hub for private schools in Latin America, beginning with Mexico. Mattilda has raised over $10m in seed equity financing, led by FinTech Collective, with participation from Dila Capital, GSV Ventures, Emerge Education, QED Investors and Picus Capital, among others.

FTC Summary


Private schools are a fundamental component of the education system in Latin America due to subpar public education systems in most countries. In Mexico alone, private schools number 33.5k, serving over 3.6m students. COVID placed an even greater strain on private school finances, aggravating the financial pain point further. Schools continue to face an average of 7% default and 30% delinquency rates, leading to difficulties surrounding resource planning and attrition.

Based in Mexico City, Mattilda targets this pain point via a B2B SaaS solution that streamlines the financial management and administrative processes of these schools, offering credit backed by future tuition fees. Schools thus benefit from fixed, on-time payments, allowing them to focus on education and administration rather than financial operations, as well as empowering them to finance growth projects. The intuitive platform improves the experience students and families have with their institution of choice, providing financial relief to both institutions and parents.

We are very excited about this round and to be partnering with top global funds, such as FinTech Collective. We are looking forward to helping private schools all around Latin America focus on what they do best, and are confident we will scale across the region quickly. Our longer term ambitions range across other emerging markets.

José Agote and Jesus Lanza, Co-Founders - Mattilda

Media Highlights


TechCrunch - Mattilda wants to take over payment collection for Latin America’s private schools

Forbes Mexico - Software, the key for private schools to stop suffering tuition delays

Newswire - mattilda, a SaaS solution that helps schools in Latin America streamline financial and administrative processes, raises over US$10M in a Seed Round led by FinTech Collective

Contxto - Mexican startup Mattilda, which handles schools’ finances, raised US$10 million

Axis negocios - Fintech mattilda recaba 10 mdd en ronda inversión semilla liderada por fondo NY

Spotify Link - Jesús Lanza featured on the Cracks Podcast with Oso Trava

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