Victory Park Capital (VPC), a global alternative investment firm specialising in private credit, has provided a $100 million credit facility to Nelo, a consumer payments platform for online purchases in Mexico.
Nelo’s recently launched all-in-one app enables customers to pay in instalments at any online merchant, through a partnership with Mastercard. Nelo’s app is the first of its kind in Mexico and allows users to finance everyday necessities like utility bills, cellular plans, and other e-commerce purchases.
Victory Park Capital provides capital to emerging and established businesses in the U.S. and abroad. The firm’s differentiated offerings leverage an extensive network of industry relationships, disciplined deal origination, creative financing capabilities, broad credit structuring and special situations expertise.
