FundraiseJun 30, 2026, 19:50 UTC

Digitt lands $50M from Victory Park Capital to refinance Mexico's costly credit card debt

What's the deal? Mexican fintech Digitt has secured a $50 million debt facility from Chicago-based Victory Park Capital (VPC), a global investor in private credit and asset-backed finance.

The money will expand Digitt's platform, which offers fixed-rate installment loans to help prime borrowers refinance high-interest credit card debt.

Founded in 2019, Digitt targets a costly gap: Mexican credit cards can carry annual rates of 70–150%. Its loans come in well below that.

Why now? Digitt is scaling fast, and the facility lets it grow its refinancing portfolio while investing in technology, underwriting, and servicing.

The deal also fits a broader VPC push into Latin America. The firm has backed fintech lenders across the region, particularly in Mexico and Colombia.

What could go wrong? Lending to consumers carrying expensive debt carries credit risk, and Digitt's model depends on disciplined underwriting as it scales.

Macroeconomic shifts or rising defaults could squeeze margins on a portfolio built around lower-cost loans.

The signal: VPC has been steadily building out its Latin American fintech lending book, backed by multilateral institutions including IFC and IDB Invest, which have together committed hundreds of millions to its emerging-markets funds with an explicit focus on Mexico and Colombia. For an early-stage lender like Digitt, securing debt capital from such a well-resourced backer is a vote of confidence in its underwriting as it scales a refinancing model in one of the region's costliest credit markets.