Fairplay, a leading platform for working capital solutions for small and medium-sized enterprises (SMEs) in Mexico, has announced a new $35 million USD credit line from BBVA Spark, BBVA's banking division for tech-focused companies.
A major step in empowering SMEs
This funding marks a pivotal milestone in Fairplay’s mission to fuel the growth of Mexican SMEs. Since its founding, the company has become a trusted partner for retail businesses across wholesale, physical channels, e-commerce, and marketplaces. With BBVA Spark’s backing, Fairplay is well-positioned to expand into new industries, reinforcing its role in delivering innovative working capital solutions—a vital component of Mexico’s economic engine.
Building on a strong track record
“We’re deeply grateful to BBVA Spark for believing in our vision,” said Andrew James Devlyn, Co-Founder of Fairplay. “This support from the largest banking institution in the country strengthens our commitment to empowering Mexican SMEs. From our initial $20 million USD funding with Architect Capital in 2021 to a $100 million USD credit line with Community Investment Management in 2023, Fairplay has demonstrated its ability to execute effectively. This new partnership underscores the trust we’ve earned.”
BBVA Spark’s strategic role
BBVA Spark has solidified itself as a key ally for fast-growing tech companies in Mexico. Rodrigo Velasco, Head of BBVA Spark in LatAm, shared, “We are excited to support Fairplay in offering innovative credit solutions to high-potential Mexican SMEs. Deepening credit access is essential for strengthening the country’s entrepreneurial landscape.”
This partnership highlights BBVA’s leadership in credit origination, further driving Mexico’s economic growth through tailored financial solutions that empower transformative businesses like Fairplay.
