Mexico’s Ziff acquires digital lending start-up Arrenda
Ziff, a Mexico-based fintech providing businesses with revenue-based financing, has bolstered its lending technology by acquiring digital lending start-up Arrenda for an undisclosed sum.
Mexico’s Ziff completes acquisition of Arrenda
The acquisition sees Ziff take control of the start-up’s flagship lending platform, Adelanta which, since 2022, has enabled commercial property owners in Mexico to access capital by taking advantage of up to 36 months of receivables on their current lease contracts.
Ziff will leverage the deal to further establish its position in Mexico’s $9.23 billion real estate rental market while continuing its efforts to alleviate the liquidity challenges currently faced by the country’s SME community.
Gerardo Name, founder and CEO of Ziff, says he expects the takeover to “enhance our product offering and enable us to rapidly penetrate new market sectors”, as part of its goal to distribute over MXN 1 billion to SMEs by the end of 2027.
As part of the acquisition, Joe Merullo, founder and CEO of Arrenda, is to assume the position of chief technology officer among Ziff’s executive team.
Merullo says the transaction signals “an important milestone for Mexican SMEs”, and that the supposed synergies between the two companies are expected to generate “transformative change” for the SME financing sector.
Ziff is due to begin scaling the Adelanta platform, aided by Arrenda’s 9,000-strong Socios Arrenda broker network.
