Alfonso Reina and Carlos Lasarte

Cuatrecasas assists Betterfly in acquisition of Flexoh

Cuatrecasas has assisted the Chilean platform Betterfly in the acquisition of Flexoh, a fintech dedicated to flexible remuneration for companies.

Thanks to this transaction, Betterfly, a social unicorn company valued at one billion dollars, will gain access to the European market after its arrival in Spain.

The purchase agreement with Flexoh is part of the company’s objective to progressively increase its benefits offering, entering the world of flexible pay to improve financial health, in conjunction with its international expansion plan, which is to reach 100 million people by 2025.

Betterfly is a platform that rewards healthy habits with donations to social and environmental causes. The app offers telemedicine, psychology, nutrition, wellness education and online fitness services, among others. The company is present in Colombia, Mexico, Ecuador and, soon, Peru, Argentina, Costa Rica and Panama.

Cuatrecasas’ team was led by lawyer Alfonso Reina (pictured left), with support from partners Carlos Lasarte (pictured right) and Jorge Aranaz, senior associate Jorge Arbex, associates José Ignacio López de Haro, Natalia Tallada, Marta Navarro and Ricardo Ramírez-Montesinos, and junior associate Leticia García-Gallardo.

L Giselle Estrada

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