Pérez-Llorca and Araoz & Rueda advise on Afluenta’s €8m funding round

Pérez-Llorca and Araoz & Rueda advised on the Spanish Law aspects of peer-to-peer lending platform Afluenta’s $8 million series B funding round.

The funding was provided by the International Finance Corporation and Elevar Equity, with each organisation investing $4 million.

Argentina-headquartered Afluenta plans to use the funding to continue expanding in Latin America. It began operating in Argentina in 2012 and then in Peru in 2015. It now plans to expand its services to Mexico, Colombia and Brazil in the next 12 months.

Pérez-Llorca advised Afluenta on the deal, while IFC and Elevar were advised by Araoz & Rueda.

Argentina-headquartered Afluenta was also advised by the Boston, London and New York offices of Brown, Rudnick, as well as by Buenos Aires-based firms Tanoira Cassagne Abogados and Marval, O’Farrell & Mairal.

IFC was also advised by Mayer Brown, while DLA Piper acted for Elevar. Estudio Beccar Varela advised IFC and Elevar on the Argentine law aspects of the deal.