Nexu, a startup providing financing solutions to car dealerships in Mexico, making it easier for drivers to access financing and acquire vehicles, has secured $20 million in a Series B round led by Valor Capital Group . The company partners with dealerships to make financing available at the point of sale, which increases conversion rates and expands access to previously underserved car buyers. Nexu’s services are especially significant for a market where few new and used vehicles are financed due to low approval rates from traditional banks and a cumbersome application process.

Mexican Auto Financing Platform Nexu Raises $20M