Nexu gets US$142 million from HSBC for car loans

Nexu, a Mexican fintech platform that offers auto financing solutions, announced that it has received a new line of credit from HSBC in the amount of US$142 million, which will be used to finance more than 10,000 vehicles for individual consumers in Mexico through the automotive brands with which it has agreements.

The main objective of this agreement is to expand the availability of auto loans in the Mexican market through Nexu, which works with more than 1,000 dealerships representing major automotive brands.

The company focuses on individuals seeking auto loans whose options have been limited due to a short credit history. Its AI-powered technology platform enables immediate risk assessments based on comprehensive data analysis through a 100% digital process, facilitating solutions tailored to each customer’s needs.

This structured financing has received ratings from the international agencies Fitch Ratings and Moody’s. Nexu is the first Mexican fintech company to obtain these ratings for its financing structures, and this achievement is part of the company’s goal to build a financing portfolio that meets global standards and to position itself as one of the leading technology enablers for the expansion of auto loans and leases in Mexico.

Nexu aims to be a strategic partner and complement to banks, finance companies, and auto dealerships in reaching new customers.