Mango, a Mexican financial infrastructure platform for construction, raised a seed round, bringing its total funding to $6M since its founding. The round was led by Brick & Mortar Ventures, with participation from Ironspring Ventures.
Mango operates a financial platform for Mexico’s construction industry, connecting contractors, developers, distributors, and suppliers to manage procurement, financing, and payments. It analyzes transaction data to help construction businesses build financial histories and improve access to credit.
With the funds, Mango will expand its platform, strengthen its data infrastructure, launch new financial products, and grow across Mexico and Latin America. Mango also plans to increase its headcount by 44% over the next nine months and launch four new products.
Mango works with more than 230 distributors and construction companies, has processed more than $16M in transactions, and grew 762% over the past 12 months.