Mattilda, the Mexico-based company specializing in SaaS solutions for debt management and payment processing for private schools, has raised $19 million in its Series A round led by GSV Ventures, with participation from Fintech Collective and Dila Capital, bringing its total raised to $39 million.
With the new fundraising, the startup intends to expand its platform into new territories within the private education market.
Co-founded by José Agote, Jesús Lanza, Juan Pablo Bravo, Adrián Garza, and Ileana Gómez in 2022, Mattilda aims to offer “a solution that automates the collection management from start to finish for schools, provides the best payment experience for parents and students, gives educational institutions greater financial control and effective planning, and offers financing options to boost their growth.” In addition, the platform helps schools better predict their monthly cash flow and has a loan program where schools can apply for credits equivalent to three to 12 months of revenue so that schools can grow faster.
Commenting on the investment, Co-founder & CEO of Mattilda, José Agote, said:
We are very happy with the result of our Series A and excited to have the backing of top-tier global investors. We want to be the main administrative partner for private schools in Mexico and Latin America, helping with collections, payments, financing, and the general administration of schools.
We have 35,000 students using our platform and are still experiencing rapid growth.
The firm has forged strategic partnerships with several industry leaders, such as Santillana, the largest academic content platform in the region, which serves over 2 million students in Latin America.
Last year in October, Mattilda announced that it raised $10 million in a seed round led by New York private equity fund FinTech Collective. The round also witnessed participation from DILA Capital, QED Investors, GSV Ventures, Picus Capital, Emerge Education, SMP, and Xochi Ventures.