Technology

Mexican fintech Konfío receives $100 million from SoftBank

Former fintech investors QED Investors, Kaszek Ventures and Vostok Emerging Finance also participated in the round

Softbank-in-latin-america
Ler em português

According to Forbes Mexico, fintech Konfío, which specializes in small and medium business lending, received a $ 100 million investment in a Series D round led by the Japanese conglomerate SoftBank.

ALSO READ: How SoftBank’s Bold History of Growth will Impact Latin American Economics

Former fintech investors QED Investors, Kaszek Ventures and Vostok Emerging Finance also participated in the round.

ALSO READ: 2017 to 2019 – A chronology of Latin American Unicorns

“At Konfío we are excited and welcome SoftBank as an investor and strategic ally. This investment will further boost our ability to grant loans and allow us to expand our product offering, which aims both at financial solutions, commercial tools, and benefits of an organized ecosystem, all in favor of SMEs in Mexico, ”said Gregorio Tomassi, director of Corporate Strategy & Investor Relations in Konfío.

Since its founding in 2014 to date, fintech has received $ 140 million in investments and has loaned $ 260 million in credit to small and medium businesses in Mexico.

The investment made to the firm founded by David Arana and Francisco Padilla represents the third to a Mexican company in which the Japanese bank headed by Masayoshi Son is involved. Before that, Clip and Kavak also received investments.