Mexican school finance startup, Mattilda closes $10 million in seed round

Mattilda, a Mexican school finance startup has announced the close of a $10 million seed round led by New York private equity fund FinTech Collective.

• Mattilda is a SaaS that allows private schools to receive their payments on the first day of the month and access medium and long-term credits. To parents, Mattilda offers a digital platform with various options to facilitate their payments.
• Mattilda was launched this year by José Agote, Jesús Lanza, Juan Pablo Bravo, Adrián Garza, and Ileana Gómez, all of whom have previously owned or operated private schools in Mexico. The founders said, their experience while running schools helped them come up with a product that will help reduce the time schools spend on financial processes.
• According to the CEO, José Agote Mattilda “frees up time for schools to focus on what they do best: offering quality education.” Jesús Lanza, co-founder, remarked that “We are very excited about this round of capital and about partnering with top-tier global investors.”
• In a statement, the startup said it will use the new funding to grow its service. Mattilda primarily caters to parents and schools in the K-12 segment, but with this funding, the startup shared its plan to start exploring higher education offerings in the coming months.