Credijusto, a Mexico-based online lender that has issued $90M in loans and equipment leases to SMBs like dry cleaners, raises $42M Series B
NEW YORK (Reuters) - Goldman Sachs Group Inc, Point72 Ventures and others invested $42 million in a Mexico-based online lender called Credijusto.com, the companies said on Thursday.
Context & Ripple Effects
Credijusto's $42M Series B lands in a fast-forming cluster: three months later, Konfio raised $100M led by SoftBank for unsecured SMB working capital, and by 2021-2023 the pattern had scaled — Kueski added $102M in equity alongside $100M in debt, while Kapital paired a $40M Series B with $125M in debt for its SMB financial-tools platform.
What distinguishes this round is the investor mix: Goldman Sachs and Point72 Ventures bring US institutional balance sheets into Mexican small-business credit at a moment when local players were still proving the model on thin books — Credijusto had issued just $90M in loans and equipment leases to borrowers like dry cleaners.
First-order effects
- Credijusto gets growth capital to push past its $90M issuance base in SMB loans and equipment leases, while Goldman Sachs and Point72 Ventures gain direct exposure to Mexican small-business credit rather than fund-level indirect exposure.
Second-order effects
- Konfio, targeting the same unbanked SMB borrower with unsecured working capital, now faces a rival backed by a global bank's balance sheet — pushing both toward larger debt facilities to fund loan books, the structure Kueski and Kapital later adopted.
Third-order effects
- If the equity-plus-debt pattern holds across Kueski, Kapital, and Credijusto, Mexican SMB lending consolidates around platforms that pair venture equity with institutional debt lines, with US banks and funds becoming structural suppliers of credit rather than occasional tourists.
The trend: Mexican SMB fintech lending is scaling from niche originators into institutionally funded platforms, as US investors like Goldman Sachs underwrite the shift from cash-based small-business finance to digital credit.