Konfío, a Mexican fintech, announced the acquisition of Sr. Pago, a mobile payments provider.
Konfío specializes in SME finance with its credit loan services that give SMEs access to funding and loans vital to their growth and financial stability.
Sr. Pago is an electronic payments terminal that accepts credit and debit card payments. With this new acquisition, Konfío will be able to further support SMEs with financial solutions and products.
The Mexican fintech has already acquired two other fintechs, Astro and Gestionix, in the past 18 months. The platform also recently raised a $125M Series E in June.
The fintech industry in Latin America continues to grow rapidly with new innovation and a recorded $51M in investment during the first half of 2021. Konfío is working to improve the Mexican economy as much as serve SMEs with its credit platform.
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