- Mexico-based fintech Ziff has completed the acquisition of digital lending start-up Arrenda for an undisclosed sum.
- Through this deal, Ziff gains control of Arrenda’s lending platform, Adelanta, which allows commercial property owners in Mexico to access capital by leveraging up to 36 months of receivables on their current lease contracts.
- The acquisition is aimed at strengthening Ziff’s position in Mexico’s real estate rental market, with a focus on alleviating liquidity challenges faced by the country’s SME community.
- Joe Merullo, founder and CEO of Arrenda, will assume the role of Chief Technology Officer at Ziff.
