Syscap
Empowering and connecting financial institutions, originators, and investors through a more transparent and efficient ecosystem.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $2.3m Valuation: $15.0m | Seed | |
| Total Funding | 000k | ||
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Syscap is a financial technology company focused on building a comprehensive private credit infrastructure in Latin America, starting with Mexico. The firm was founded by David Noel Ramírez and Alejandro O'Farrill, who met while working at the major Mexican beverage and retail company, FEMSA. They identified a significant opportunity in the private credit market, which nearly tripled in assets under management between 2011 and 2022, aiming to address the resulting credit liquidity gap.
The company's core offering is a unified platform designed for non-banking financial institutions (NBFIs) to manage their private credit operations. This service replaces the need for traditional banking software and manual processes like spreadsheets. Syscap's platform allows clients to register and manage private debt, handle communications with funders, monitor credit lines, and generate reports, including tax compliance documents. The system provides a dedicated portal for funders to view their balances and movements, enhancing transparency and strengthening relationships between financial institutions and their backers. Syscap aims to serve all stakeholders in the credit ecosystem, including lenders, underwriters, borrowers, and investors.
The business operates by providing this technology as a service to its clients, which include over 100 NBFIs in Mexico. In September 2023, Syscap announced a significant milestone, securing $2.3 million in a seed funding round. The investment was led by Wollef and saw participation from Redwood Ventures, Melek Capital, 500 Global, and Angel Hub Ventures. This capital is being directed towards further technology and product development to enhance the platform's capabilities and support its mission to democratize access to private credit.
Keywords: private credit, fintech, Mexico, Latin America, non-banking financial institutions, debt management, credit platform, financial infrastructure, David Noel Ramírez, Alejandro O'Farrill, Wollef, debt financing, credit liquidity, B2B fintech, lending ecosystem, financial technology, investment management, asset management, capital access