RAD counsels Prestamype on issuance of Impacta Factoring Fund 1

Rebaza Alcázar & De Las Casas has counselled Prestamype Gestora de Fondos, as manager of Fondo Impacta Factoring Deuda 1, in the private placement of short-term instruments up to USD $15,000,000.

The initial placement took place on 29 October. The advisory involved the conceptual structuring of the short-term instruments, regulatory and tax matters, as well as the implementation of the issuance and preparation of the necessary documents for the transaction.

Prestamype is a Fintech focused on micro and small business financing. The objective of the Impacta Factoring 1 Fund is to finance these entities through the acquisition of negotiable invoices at a discount, among other similar investments of a complementary nature. The proceeds of this issue will help to increase the Fund’s placements in the factoring market.

Marvin Duran acted as in-house financial advisor to the issuer.

RAD’s team consisted of partner Victor Valdez (pictured), senior associate Fiorela Ccahua, and associates Camila Briceño and Alvaro Luna Victoria.