Konfio operates as an online lending platform. It provides financial and payment solutions. It offers products that include business credit finances and business cards for liquidity to boost medium and small businesses. The company was founded in 2013 and is based in Mexico City, Mexico.
Research containing Konfio
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Konfio in 3 CB Insights research briefs, most recently on Nov 17, 2022.
Expert Collections containing Konfio
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Konfio is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Excludes US-based companies
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Konfio News
Aug 22, 2023
💰💸 Konfio Secures $1,520 mdp in Credit Renewal with JP Morgan Share 📣 Konfío, the leading platform in financial services for small and medium-sized companies in Mexico, has renewed its line of credit with JP Morgan for an impressive amount of 1,520 million pesos, valid until 2025. 🤝 This renewal, apart from being a vote of confidence in Konfío’s business model, reinforces the company’s commitment to continue supporting SMEs in Mexico. With this renewal, JP Morgan becomes the fourth creditor to renew an instrument of this type with Konfío this year. 💼 For those who are not aware, Konfío is a company that has received support from some very important investors, including QED Investors, Kaszek Ventures, SoftBank, VEF, IFC, Lightrock, Accion and others. He has also obtained loans from leading financial institutions such as Goldman Sachs, Gramercy, Triodos, Community Investment Management, IDB Invest, Citibanamex, among others. 💡In addition, Konfío has decided to increase the maximum amount offered through its Business Credit by 66%, going from 3 million to 5 million pesos. And what does this mean? Well, Konfío is creating more opportunities to boost the growth of SMEs in Mexico and consolidate itself as their main ally. 🏦 So far, Konfío has approved more than 17,000 million pesos in financial solutions for more than 70,000 companies in Mexico. The company offers three financial solutions: Credit, Business Card and Payment Terminal, all designed to offer an agile, simple and fair experience for SMEs. 🎯 The renewal of the line of credit with JP Morgan and the increase in the maximum amount of business loans are significant steps to deepen support for SMEs in Mexico. 🚀 With the support of its strategic partners and its digital platform, Konfío is in an excellent position to lead the transformation of the financial sector and continue generating a positive impact on the country’s economy. Its mission is to promote the growth and productivity of SMEs, and it seems that they are not going to stop in their efforts. #Konfio #Secures #mdp #Credit #Renewal #Morgan Facebook
Konfio Frequently Asked Questions (FAQ)
When was Konfio founded?
Konfio was founded in 2013.
Where is Konfio's headquarters?
Konfio's headquarters is located at Avenue Horacio 1844, Floor 8, Mexico City.
What is Konfio's latest funding round?
Konfio's latest funding round is Line of Credit - IV.
How much did Konfio raise?
Konfio raised a total of $1.036B.
Who are the investors of Konfio?
Investors of Konfio include J.P. Morgan Chase & Co., 500 Latam, U.S. International Development Finance Corporation, Ford Foundation, Citibanamex and 22 more.
Who are Konfio's competitors?
Competitors of Konfio include Creze, Tribal Credit, Albo, Klar, R2 and 7 more.
Compare Konfio to Competitors
Fondeadora provides digital banking services. It offers a mobile banking application and an international master-card debit card that helps users to spend, store and move money. It was founded in 2011 and is based in Mexico City, Mexico.
AlphaCredit provides credit lines to individuals and small companies in Mexico and Colombia via a programmed deduction system, which has low default rates thus allowing for low-interest rates.
Albo develops a mobile banking application to manage money, payments, withdrawals, and transfers. It allows users to recharge cell phones, pay for gas, electricity, internet, and more. It was founded in 2016 and is based in Mexico City, Mexico.
Klar operates as a financial technology company facilitating deposit and credit services. It offers a mobile application and a debit card that allows users to control their money and avail the benefits of a credit card. The company was founded in 2019 and is based in Mexico City, Mexico.
Finve is a business financing platform in Mexico that aims to connect SMEs (small & medium enterprises) to investors. Per the company, they offer yields between 8% and 30% annually and aim to minimize volatility and risk through diversification.
Kueski provides an online-only consumer lending platform specializing in micro-loans. It operates as a consumer credit and lending company. It offers Kueski Pay, a buy now, pay later option, Kueski Cash, a personal loans product, and Kueski Up, an interest-free earned wage advance. The company was founded in 2012 and is based in Jalisco, Mexico.