Mattilda offers solutions for collections management and payment processing for private schools
Mattilda, a Mexico-based tech startup that provides collections management and payment processing for private schools, has closed its series A funding round with a $19m investment.
The capital will be used to accelerate growth in Mexico and launch its international expansion. Mattilda currently has 35,000 students on its platform.
The round was led by GSV Ventures with participation from FinTech Collective and Dila Capital. The company has now raised $39m since its inception in 2022.
Founders José Agote, Jesús Lanza, Juan Pablo Bravo, Adrián Garza, and Ileana Gómez started the company after experiencing first-hand the challenges of managing administration and collections for more than 90,000 students while trying to maintain a focus on the quality of education.
Mattilda offers a solution that automates end-to-end collections management for schools to simplify the process.
The platform allows schools to digitally manage their accounts receivable and offers various payment methods, such as WhatsApp, debit and credit cards, bank transfers and cash deposits. It also automatically issues invoices.
Agote commented: “We want to be the primary administrative partner for private schools in Mexico and Latin America, helping with collections, payments, financing, and the overall administration of schools.”
Deborah Quazzo, from GSV Ventures, is excited to support mattilda in its mission to transform the financial management of private schools in Mexico and Latin America.
Quazzo said: “We believe mattilda’s platform is best positioned to solve the administrative and financial problem faced by schools and to make a significant positive impact on access to quality education in the region.”