MEXICO CITY and CHICAGO, August 9, 2022 /PRNewswire/ — Creation Investments, a leading global alternative asset manager and impact investor in emerging markets, has made a $25 million equity investment in DD360, a financial and real estate technology platform that facilitates the financing and management of residential real estate in Mexico. To date, DD360 has raised approximately $91 million in equity and will use the additional funding to support accelerated loan growth and product rollout through the expansion of its technology platform offerings and software development team.
“We are excited to invest in a business that aligns with our thesis of high growth and profitability, while addressing many impact themes such as access to housing and job creation,” said Amadeo Ibarradirector and Mexico country manager for Creation Investments. “We look forward to partnering with DD360’s management team to support its next phase of growth.”
Situated at Chicago and with offices at Mexico City and Bengaluru, IndiaCreation Investments manages over US$1.8 billion on behalf of institutional investors, family offices and high net worth individuals. Creation and its portfolio companies seek to improve the lives of those at the bottom of the economic pyramid in emerging markets.
“We are excited to add Creation Investments as a shareholder to support our growth and rollout of commercial mortgages and other product offerings,” said Jorge Combeco-founder and CEO of Mexico Citybased on DD360. “With these resources, we will continue to grow our team and our balance sheet while addressing the huge housing deficit in Mexico.”
DD360 has been profitable since its inception and manages a loan portfolio of more than $230 million. The company has financed 120 real estate projects through Mexico and is experiencing rapid growth in its retail mortgage offering, supported by the launch of its Compa digital mortgage origination platform. DD360 has secured funding from major commercial and development banks in Mexico and is in talks with international banks to fund its business-to-business and business-to-consumer growth initiatives.
DD360 is an online financial and real estate technology platform that makes it easy to finance and manage residential real estate in Mexico. The company offers business-to-business mezzanine and construction loans to developers, as well as consumer mortgages. It has financed more than 120 real estate projects and built a loan portfolio of more than $230 million. Based at Mexico CityDD360 is focused on delivering the best technology-enabled real estate experience in Mexico. Through its digital ecosystem, the company supports residential real estate developers from the design of new projects to the sale of individual residential units, with technological solutions that disrupt the traditional financing process in the real estate sector. For more information, visit https://dd360.mx and https://compa.financial.
About Creative Investments
Creation Investments Capital Management, LLC is a leading global alternative asset manager and impact investor in emerging markets. Worldwide, Creation’s investments directly help more than 28 million small businesses. The company manages more US$1.8 billion on behalf of institutional investors, family offices and high net worth individuals. Drawing on its deep industry experience, Creation partners with management teams to inject growth equity and facilitate buyout transactions into companies specializing in microfinance, small and medium enterprise lending, credit -leasing, factoring, insurance, savings, payments and mobile money. With its portfolio companies, and in alignment with the United Nations Sustainable Development Goals (SDGs), Creation aims to improve the lives of those at the bottom of the economic pyramid in emerging markets. For more information, visit www.creationinvestments.com.
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SOURCE Creation Investments