LatamList – Konfío, a Mexican fintech, raised a $125M Series E funding round led by Lightrock. International Finance Corporation, QED Investors, Kaszek, SoftBank Latin America Fund, VEF and Tarsadia Capital.
Konfío is a lending platform that helps underserved SMEs gain access to credit and funding in Mexico. The startup has over a million users and actively supported Mexico’s small businesses with credit support during the economic fallout of the COVID-19 pandemic with credit loans of up to $93K.
“At Konfío, we see technology as a great enabler to level a playing field that has long been uneven, providing growing companies with opportunities and conditions to expand and compete successfully with large corporations. This is our purpose,” said David Arana, CEO of Konfio.
The company will use the new funding to make new acquisitions of other fintech companies. Konfío will integrate these companies into their platform to strengthen and broaden their product offering to SMEs.
Read more on Bloomberg.
