L Catterton to acquire a minority stake in Crediclub.

L Catterton, a private equity firm, agreed to acquire a minority stake in Crediclub, a lending platform. Financial terms were not disclosed. "With the development of innovative financial services tailored to the needs of the underbanked Mexican consumer, Crediclub has become a powerful alternative to traditional banks. Our partnership with L Catterton will allow us to significantly grow and scale our business further, while preserving the quality and customer experience that set us apart," Juan Francisco Fernández, Crediclub CEO and Co-Founder.