YoFio, a Mexican fintech specializing in financial and credit services for small businesses, secured $10M in a mix of debt and equity led by Oikocredit. 500 Global, Innogen Capital and Cauris Finance also participated in the round.
With the new funding, YoFio plans to expand its services across Mexico to serve 10,000 customers while partnering with major retailers, consumer goods companies, and other fintechs.
YoFio’s platform offers small businesses access to credit and other financial solutions. The platform offers immediate cash access and allows payment to suppliers within 14 days with no interest.
YoFio has disbursed over $8M in credits to more than 3,500 clients and targets to reach 10k clients.
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