Aluna Partners Group Launches up to $20 Million Asset-Backed Lending Facility for Latin American Gig Economy Fintech
Aluna Partners Group, a global firm specializing in asset-backed finance, has launched an up to $20 million asset-backed finance transaction for a Mexico-based fintech company focused on the gig economy. Under the terms of the agreement, the company can draw on the facility over the next 24 months to finance the expansion of its vehicle fleet.
The fintech provides vehicle leasing solutions to professional drivers who may not have the means to purchase a car outright. Its proprietary underwriting model allows drivers to access brand-new vehicles for multi-year terms, making weekly payments while leveraging their professional driving experience with platforms such as Uber and DiDi. This approach facilitates access to essential assets while maintaining capital efficiency for the company.
Stefano Sciacca, Partner at Aluna Partners Group commented:
We are pleased to support this fintech in its mission to transform vehicle leasing for the gig economy. Aluna Partners Group is committed to providing tailored financing solutions that enable scalable growth while promoting capital efficiency.
A spokesperson for the client added:
“Aluna Partners Group has been an extremely efficient and supportive partner throughout the debt process. Asset-backed financing is a critical component of our business model, allowing us to expand our fleet and deliver value to our customers. This facility positions us to scale our operations and develop additional financial products for gig workers, reinforcing our vision to become a leading financing partner in the sector.“
Aluna Partners Group has extensive experience underwriting alternative credit solutions across technology and fintech sectors, supporting innovative companies in achieving their growth objectives.
