Mattilda, a firm specialising in SaaS solutions for debt management and payment processing in private schools, has secured $19m in a Series A.
The round was led by GSV Ventures, with additional participation from Fintech Collective and Dila Capital.
The company, co-founded by a team of five including José Agote, Jesús Lanza, Juan Pablo Bravo, Adrián Garza, and Ileana Gómez, has developed a platform offering a comprehensive solution for educational institutions. The platform enables the automation of debt collection and payment processes, while providing an enhanced payment experience for parents and students. Moreover, it grants schools superior financial control, effective planning, and growth-oriented financing options.
The newly acquired funds will be utilised to expand Mattilda’s platform across the private education market in Mexico and Latin America. With the potential to be adopted across all levels of education, from preschool to higher education, the platform’s reach is broad.
Adding to this development, Mattilda, which already boasts of 35,000 students on its platform, has now raised a total of $39m in funding. The latest investment emphasises the innovative approach that Mattilda is taking to address financial challenges within the education sector, a sentiment echoed by the investors, Fintech Collective and Dila Capital.
In a statement, Mattilda’s co-founder and CEO José Agote said, “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.”
Further context for the investment comes from recent reports indicating the strength of the education sector in Mexico. It amounted to $63.1bn in 2021 and ranked as the second largest market in Latin America, generating 17.6% of the region’s revenue. The edtech industry was estimated to be worth $635.7m in 2022 and is predicted to grow at an annual rate of 14% over the next ten years, potentially generating revenues of over 3 trillion dollars by 2023, according to the Inter-American Development Bank.
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