Aluna Partners underwrites a $7 million working capital facility for Rocketfy
“Our partnership with Stefano and Aluna Partners yielded positive outcomes.” said Alejandro Kratc, Chief Executive Officer of Rocketfy. “Thanks to their efficient approach, we achieved our debt goals with the fastest execution tailored to our requirements”
Rocketfy, an e-commerce platform based in Colombia, and Aluna Partners, a global investment banking boutique specialising in alternative credit solutions, today announced the closing of a new $7 million working capital facility. Under the terms of the deal, Rocketfy is expected to draw down the notional amount over a period of 2 years.
Rocketfy is a VC-backed online selling platform that was established in 2018 and is now active in Colombia, and Mexico. Rocketfy enables small retailers to establish their online presence by creating their own online stores, reducing entry barriers such as subscription fees or fixed costs. The platform offers options that allow sellers to design their bespoke online store, while arranging the shipment of items sold on the platform utilising partnerships with some of the largest local couriers and logistics companies. Additionally, payment execution is ensured by established payment gateway providers. Rocketfy facilitates cooperation and communication between sellers. Sellers that are part of Rocketfy’s community can agree to sell each other’s products, as they might be complementary to their offering, without shipping, storing or paying until a buyer places an order and a take is given to the actual seller who stores the product. The platform also offers an inventory management tool that tracks the items listed for sale.
Aluna Partners is an experienced underwriter in the technology sector. The firm has supported more than 27 technology scale-ups since 2021.
“We are proud to support Rocketfy's exponential growth in Latin America, while giving our investors exposure to an attractive sector in the region," said Stefano Sciacca, Managing Director, at Aluna Partners. "We identified Rocketfy as a strong leader in the e-commerce space in LatAm and we believe the company will continue to generate value in the foreseeable future.”