Nexu provides an automotive financing platform that complements existing dealership systems and products to deliver a digital, real-time financing experience. The platform uses a proprietary credit and risk scoring system to help buyers find financing with more favorable terms and simplify the purchasing process. The company was founded by Abdon Nacif and Fernando Gómez and is based in Mexico City. Nexu raised $20M in a Series B and included a debt facility as part of the financing package. The company plans to use the funds to invest in development of its intelligent platform and to grow its operations and services. Nexu is a Mexican fintech operating in the auto-loans space. The company provides financing solutions for auto purchases. Wollef reported on 25 January 2022 that Nexu completed a financing totaling $50 million composed of both debt and equity. The article does not disclose participating investors, valuation, founding year, or operating metrics. No details on use of proceeds or explicit future plans were provided in the article. Coverage is limited to the announced $50M debt-and-equity raise.

Total raised

$70M

Funding rounds

4

Latest round

Series B

Latest activity

Oct 2023