Mexican Fintech Startup Konfio Raises $8m in Funding

logo_konfioKonfio, a Mexico City, Mexico-based online lending platform, raised $8m in funding.

Backers included the Accion Frontier Inclusion Fund managed by Quona Capital, QED Investors, Kaszek Ventures, and Jaguar Ventures.

The company intends to use the funds to strengthen operations, grow user base, and adopt corporate best practices.

Led by David Arana, founder and CEO, Konfio provides small businesses loans of up to 150,000 pesos to grow their operations and develop their businesses, through an online process and a propriety algorithm that measures creditworthiness.



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