MEXICO CITY, Oct 22 (Reuters) - Mexican credit facility

platform CXC has raised $32.6 million in a funding round led by

Kaszek, it said on Tuesday, with the funds set to help the firm

expand to the rest of Latin America and the United States.

WHY IT'S IMPORTANT

CXC has quietly become a major player in monitoring and

managing private credit facilities in Latin America in recent

years, working with financial institutions such as Citi,

Goldman Sachs ( GS ), UBS, HSBC ( HSBC ), Scotiabank

and Santander.

It has also nabbed contracts with local branches of firms

such as regional e-commerce giant MercadoLibre ( MELI ),

Colombian bank Bancolombia, Peruvian financial holding

Credicorp ( BAP ) and Brazilian investment bank BTG Pactual

.

KEY QUOTES

"This (funding) round marks an important achievement," said

Eduardo Etchegaray, co-chief executive officer of CXC. "With our

new partners on board, we're prepared to improve our technology

and speed up our international expansion."

"CXC has become a key associate for companies that offer

credit who are looking to break into the region," co-CEO Marvin

Palavicini said.

CONTEXT

CXC already operates in Colombia, Peru, Chile, Costa Rica

and Panama aside from Mexico. It did not provide more detail on

its expansion plans for the region or to the United States.

BY THE NUMBERS

In Mexico, CXC oversees around $9 billion in assets, the

firm said, and $1.5 billion in Colombia.

CXC hopes to close out the year with $11 billion in total

assets under its administration, it said.