Asset-backed financing for emerging markets.
Operator-led alternative credit. We provide high-quality originators across Latin America with their first institutional, asset-backed facility.
Our GPs’ track record
Built, scaled and exited Adelantos (acquired by PayJoy)Strong lenders, no institutional debt below $15M.
Fintech lending in Latin America has grown rapidly since 2016. Yet originators still lack scalable financing. FPF structures collateral-backed facilities that reduce risk while capturing the excess spread created by strong unit economics.
5× growth since 2017 as technology enables efficient credit origination at scale.2
Portfolios below this threshold lack institutional debt access despite strong fundamentals.
Where banks and large funds do not play — with the potential to go further as originators scale.
Why the gap exists
Regulatory capital requirements and operational overhead make smaller portfolios unprofitable. Capital allocation favors large corporate facilities.
For lenders, equity is too expensive to be the sole engine of growth. Debt must become the primary source of capital to scale a portfolio.
Venture debt relies on enterprise value and equity upside rather than hard collateral. Structural protections and daily cash dominion are absent.
Protection built into every structure.
All facilities are senior secured, with structures in place to fully protect the underlying collateral.
We maintain control of cash flows and assets throughout the life of the investment.
Assets sit in bankruptcy-remote structures, so they remain secure if the originator faces distress.
Principal is hedged at the trust level or directly by FPF on every facility.
Daily and weekly performance monitoring through direct data integration with each borrower.