Mexico-based microlending start-up Baubap has secured $120 million in debt financing from SixPoint Capital Management, leading its pre-Series A funding round. The funding will be used to significantly expand Baubap's reach and add 1.4 million new customers over the course of the year.

Six Point Capital Management

Baubap is a pioneering Mexican fintech that provides instant microloans to those with limited access to formal financial services. It aims to revolutionize the microloan sector and redefine financial inclusion in Mexico.

Baubap secures $120m in debt financing led by SixPoint Capital Management to expand its microlending operations.

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