Mattilda

About Mattilda

Mattilda operates as a financial ally for private educational institutions in Mexico and Latin America, offering a Software-as-a-Service (SaaS) platform to streamline financial management and administrative tasks. The company was founded in 2022 by José Agote (CEO), Jesús Lanza (Chairman of the board), Juan Pablo Bravo (CFO), Adrián Garza (CGO), and Ileana Gómez (COO). The founding team's journey is directly linked to their previous experience at Lottus Education, a large educational provider in Mexico. While at Lottus, which serves over 90,000 students, they identified significant inefficiencies in how private schools managed their finances and tuition collection, which led to volatile cash flow and consumed substantial administrative resources. This firsthand insight into the operational struggles of schools inspired the creation of Mattilda.

The business targets private K-12 schools, universities, and other educational institutions, aiming to automate the entire collections process. Its business model is centered on its B2B SaaS platform, which not only facilitates tuition collection but also provides financing options for the schools. Revenue is generated through this comprehensive financial management suite. The platform guarantees schools predictable cash flow by advancing tuition fees, thereby assuming the risk of late or non-payment. This allows educational institutions to better plan their budgets, invest in growth projects like building new classrooms or acquiring technology, and focus on their core mission of education. For parents and students, the platform offers a centralized and flexible payment experience with multiple options, including bank transfers, credit cards, and cash payments, along with access to real-time account statements and billing.

Since its launch, Mattilda has achieved significant milestones, including raising a $10 million seed round in October 2022 and a $19 million Series A round in July 2023, led by prominent investors like GSV Ventures and FinTech Collective. By early 2023, the platform was already serving nearly 30 schools and over 20,000 students. The company has since expanded its operations from Mexico to Colombia and Ecuador and now serves over 130,000 families. The platform also incorporates an AI module called Matti-IA to assist administrators with detailed reports on account status, collections, and billing.