dmX is a leading non-banking financial group that provides financial products to underserved clients, through technology and innovation.
Through an established network of loan officers, dmX provides credit to pensioners and retirees across Mexico. It also operates an innovation lab and a distressed portfolio management company that acquires and manages non-performing portfolios.
Why we invested
dmX was providing financial services to a large, underserved segment of the Mexican population; it was already granting credits to more than 70k retirees at the time of investment. The company had strong financial performance and one of the highest profitability ratios in the sector. Paired with the excellence of its management team and founders, Glisco realized that dmX had the potential to become a market leader by implementing technological developments to continue to improve its value offering.