Bravo, a leading company specialized in advising and managing debts in Latin America and Europe, announced a financing agreement of US$46 million to fund its third specialized vehicle in Spain and which is part of its multi-region credit program. This program seeks to enhance the development of its credit division.
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With the third vehicle of this type in Spain, and seventh globally, Bravo expands its capacity to grant credit to its clients, while establishing structures capable of receiving new rounds of financing to consolidate its position in the market and accelerate its growth.
In vehicles created by Bravo, the company that has helped more than half a million people regain control of their financesled by Juan Pablo Zorrilla and Javier Velásquez, includes renowned global players such as BBVA Spark and Sura Investment.
For its part, Bravo remains faithful to its objective of being a company with accelerated and sustainable growth with its technological solution for debt and credit repair that consists of a personalized analysis adapted to the needs of each person, solutions for debt settlement with discount and credit products for the total rehabilitation of its clients, who, otherwise, would be left out of the financial system.
“With this program, we continue with our plan to create a debt settlement and credit granting platform. Our objective is the formation of structures that allow us to have the necessary funds to accelerate Bravo’s expansion in some of the markets where we already have operations: Mexico, Colombia, Spain, and Brazil. Thanks to the creation of the multi-region credit program, we are able to accompany our clients with credit while rehabilitating them and providing them with financial education knowledge through our Bravo Academy.” Detailed Juan Pablo Zorrilla, Co-CEO of the company.
“We appreciate the support and trust of important brands in the sector such as BBVA Spark and Sura Investments that have trusted us and the vehicles managed by Bravo. Together with our partners GPF Capital (PE), Cercano (equity investment arm of Paul Allen, co-founder of Microsoft) and Achieve (leading US company), our funders have witnessed the innovative approach to solve problems of over-indebtedness and the help we have provided to more than half a million families throughout Bravo’s 15 years of existence.” Commented Javier Velázquez, Co CEO of the company.
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