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Creation Investments, a Chicago-based fund with a track record of investing in emerging market finance companies, announces a US$25 million investment in DD360, a technology platform for financing and managing residential real estate in Mexico Did. The US company has offices in India and Mexico and previously invested in financial firm Te Creemos.
In a press release, Creation reveals that DD360 has raised approximately US$91 million in capital to date, and that the Mexican company will use this new funding to support loan growth and product development for the platform. I made it.
Amadeo Ibarra, Creation’s Mexico Country Manager, said:
DD360 CEO and co-founder Jorge Combe said he was delighted to welcome Creation Investments as a shareholder. “We will use these resources to continue to grow our team and balance sheet while addressing Mexico’s enormous housing shortage.”
In the same press release, DD360 was profiled as a highly profitable company that has managed a loan portfolio of over US$230 million and financed 120 real estate projects in Mexico since its inception.
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