Fintech startup Arrenda raises over $26 million to offer credit to landlords in Mexico

Oluwajuwonlo Afolabi -

Arrenda, a fintech startup based in Mexico has raised $26.5 million in its pre-seed round in a mixture of equity and debt financing, to offer credits to landlords in Mexico.

  • The fund will be invested in research and development to build out new products on its financial platform and offer loans to property owners in Mexico.
  • The startup also launched Adelanta, a product that provides financing for property owners in the country.
  • It uses artificial intelligence to aggregate the profiles of landlords before assigning credits to them.
  • Fasanara Capital led the funding round with participation from Kube Ventures, ODX, Toehold Ventures, Wharton Fintech, Lightspeed Venture Partners Scout Fund, PRMM Inmobiliaria, and angel investors.