Percent Partners with Fondimex to Bring Mexican Invoice Factoring to U.S. Investors
Inaugural transaction with tech-enabled lender deepens platform’s diverse private credit offerings
NEW YORK, NY – November 19, 2025 – Percent, the leading private credit investment platform, is pleased to announce the successful closing of its inaugural transaction with Fondimex, a Guadalajara-based invoice factoring company. The $785,000 senior secured note offering, which closed on October 30, 2025, represents the inaugural transaction in a strategic funding program with Fondimex that deepens Percent's footprint in the Latin American private credit market and provides U.S. accredited investors with access to a diversified portfolio of receivables backed by multinational corporate buyers.
Fondimex provides working capital to small and medium-sized Mexican suppliers by advancing funds against outstanding invoices from large corporate buyers including Procter & Gamble, Coca-Cola (FEMSA), and PepsiCo. Since its founding in 2021, Fondimex has funded over $7.5 million in receivables across more than 500 transactions. The company has maintained a 0.0% default rate from mid-2022 through mid-2025, demonstrating the quality of its underwriting process and the credit strength of its underlying obligors.
"We are thrilled to welcome Fondimex to the Percent marketplace. Their tech-forward approach to underwriting and their ability to service high-quality assets in the Mexican market represents exactly the kind of innovation and diversification we strive to offer our investors. This successful closing demonstrates the continued demand for short-duration, asset-based opportunities that provide yield while supporting the real economy." — Prath Reddy, CFA, President, Percent
The closed transaction featured a 15.50% coupon rate with a 9-month term and 25% overcollateralization, offering structural credit enhancements designed to protect investor capital. Fondimex differentiates itself through AI-powered underwriting that integrates directly with Mexico's tax authority (SAT) to verify invoice authenticity and analyze transactional data between buyers and suppliers.
"Partnering with Percent is a significant milestone for Fondimex. The efficiency of Percent’s software suite and the depth of their investor network allowed us to secure capital quickly and transparently. We view this as the foundation of a long-term capital partnership with Percent. This scalable funding capacity will allow us to expand our current portfolio and continue advancing our mission to make invoice factoring in Mexico faster, more accessible, and more cost-effective for the businesses that drive our economy." — Andy Kieffer, CEO, Fondimex
This partnership represents Percent's ongoing commitment to democratizing access to institutional-quality private credit investments while expanding the geographic and sectoral diversity of opportunities available to accredited investors. As this partnership develops, Percent looks forward to bringing additional high-quality opportunities from Fondimex to the platform.
About Fondimex
Fondimex is a Guadalajara, Mexico-based fintech company established in 2021. The company operates a technology platform providing invoice factoring services to small and medium-sized suppliers in Mexico. By utilizing AI to analyze transactional data and shifting credit risk to large multinational buyers, Fondimex streamlines the financing process and fosters financial inclusion for Mexican businesses. Learn more at www.fondimex.com.
About Percent
Percent is the premiere private credit investment platform providing accredited investors, borrowers, and managers with technology to transact efficiently in private markets. Founded in 2018, the New York-based fintech and FINRA-registered broker-dealer has facilitated over $2 billion in transaction volume across asset-based securities and secured corporate loans. Backed by SIG Susquehanna, White Star Capital, and B Capital Group, Percent is building the infrastructure for modern private credit markets. Learn more at www.percent.com.