CXC Secures $32.6 Million Funding in Series A Round to Revolutionize Financial Assurance Services in Mexico

In an exciting development for the financial services sector, Tecnología en Cuentas por Cobrar (CXC) announced the successful completion of a funding round, raising an impressive USD 32,600,000. CXC is renowned as the largest and most active Master Servicer in Mexico, managing over 100 trusts and safeguarding approximately USD 3,500 million in collateralized financial assets. This new capital infusion will bolster CXC's capacity to provide specialized information and compliance assurance services to structured financing facilities, further enhancing its pivotal role as an independent party in regulating and ensuring compliance with covenants agreed upon by borrowers and lenders. By leveraging its state-of-the-art IT infrastructure, CXC will continue to ensure the rightful distribution of cash generated by underlying assets while mitigating operational and credit risk through meticulous audits. Additionally, the firm’s Fitch rating and ISO certifications (ISO 9001 for Quality Management and ISO 27001 for Information Security Management) underscore its commitment to quality and security, providing clients with the utmost confidence in its capabilities. The funding will also facilitate the expansion of their services and technology, ensuring they remain at the forefront of the industry, and continue to offer world-class service to their clients. CXC is poised for growth, further solidifying its position as a leader in the structured finance landscape and paving the way for innovative advancements in compliance assurance and financial management.