mattilda, the Mexican tech platform specializing in SaaS solutions for debt management and payment processing for private schools, has raised US$19 million in Series A funding. The investment was led by GSV Ventures, with participation from Fintech Collective and Dila Capital.
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The edtech and fintech startup founded by José Agote, Jesús Lanza, Juan Pablo Bravo, Adrián Garza, and Ileana Gómez 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.»
José Agote, co-founder and CEO of mattilda, said in a press release:
«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.»
With the closure of this Series A, mattilda is preparing to bring its platform to the private education market. mattilda’s solution has potential application in 100% of the private market in Mexico and also throughout Latin America (from preschool to higher education).
mattilda has raised a total of US$39 million and has 35,000 students on its platform.
The investment led by GSV Ventures, along with the participation of Fintech Collective and Dila Capital, demonstrates mattilda’s innovative approach to solving financial challenges in the educational field, the statement highlights.
The education sector in Mexico amounted to US$63.1 billion in 2021, according to ICEX, and ranked as the second largest market in Latin America, generating 17.6% of the region’s revenue. The Mexican Government is the main driver of demand in the country, as public spending accounts for 62.7% of the total. And with regard to the edtech industry, the market size was estimated at US$635.7 million in 2022.
In addition, according to the Inter-American Development Bank, the EdTech sector ranks fourth in Latin America, with an annual growth rate of 14% over the last 10 years, and is estimated to generate revenues of over 3 trillion dollars by 2023.
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Why is this relevant for Latin American edtech startups?
- The mattilda funding round demonstrates investor confidence in the edtech sector in Latin America, signaling that the sector is ripe for innovation and growth.
- It indicates ample market potential for similar services, creating opportunities for edtech startups to develop and offer complementary or competitive solutions.
- The contribution of public spending in Mexico’s education sector underscores the potential for startups to develop solutions that appeal not only to private institutions, but also to public entities.
- mattilda’s fintech solution for the education sector represents a bet to combine industries.
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