LATAM Charge Card Senior Secured Notes Token

Overview

The Company provides corporate and employee expense management solutions to enterprise clients in Mexico. the Company’s core offering is a corporate charge card (the “Corporate Card”) paired with a proprietary expense management software as a service (“SaaS”) platform. The combination of these allows human resource (“HR”) and finance teams to effectively monitor and manage corporate spend through a range of tools such as proactive budgeting, granular spend controls, auto-policy enforcements, and real-time reporting and invoicing capabilities. The ease of use and robust controls afforded by the platform allows companies to save time and money as well as reduce instances of fraud. the Company’s product suite is customizable to each enterprise client’s internal expense policy and can integrate directly with existing ERP systems (e.g., SAP, Oracle, NetSuite). The Company generates revenue through a combination of interchange fees on TPV (~60% of current revenues) and monthly SaaS subscriptions (~40%), which collectively produce 25-30%+ annualized yields on Corporate Card balances. Notable existing enterprise clients include Mercado Libre, AB Inbev, Petco, Coca-Cola FEMSA, McDonalds, Office Depot, Wyndham Hotels, amongst others.