Mexican credit screening-focused iPaaS (integration platform as a service) Moffin raised $2.1M in a seed round led by Accion Venture Lab and Chile Ventures. New Ventures Capital, Rally Cap Ventures, Digital Currency Group, Carabela, and AngelHub also participated in the round.
Moffin will use the funds to enhance automation, compliance, data analysis, and regulatory capabilities to acquire larger clients with operations across multiple industries.
“As companies increasingly adopt data-driven decision-making, Moffin is rapidly becoming an essential infrastructure layer in their operations. Their data integration platform is a powerful tool for outsourcing non-core tasks, such as maintaining connections to third party providers and automating information requests,” said Amee Parbhoo, Managing Partner at Accion Venture Lab.
Moffin allows companies to pull data and perform screening and credit analysis through secure, easy-to-use data integration tools like no-code solutions.
Founded in 2020, Moffin has helped over 70 companies in Mexico perform more than 1M data pulls.
Read more on Accion.