Konfio

img Mexico City, Mexico

Konfío is an online lending platform for small businesses in Mexico that uses data for rapid credit assessment, allowing owners to focus on what’s important – growing their business.

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News

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Visa Everywhere Initiative to disperse US$50,000 among startups that help SMEs

4 weeks ago

Contxto – Visa and Finnovista have teamed up to launch the fourth edition of the Visa Everywhere Initiative (VEI) for Latin America and the Caribbean.  This time around, Visa is looking for startups that offer solutions that can help small and medium-sized enterprises (SMEs) take the path to economic recovery. Likewise, judges want applicants that […]

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Kavak sees a new market opportunity for used cars within Covid-19 context

1 month ago

Contxto – A global pandemic isn’t putting the brakes on Kavak, a platform for used cars. In fact, the Mexican startup has recently launched a series of products that address the current circumstances and turn them into promising opportunities. It even opened offices in Guadalajara, Mexico. Car sales on hold? It’s easy to assume that […]

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Founders Fund and Kaszek Ventures invest US$10 million in Belvo

1 month ago

Contxto – Today, Belvo announced it raised a US$10 million investment through Founders Fund and Kaszek Ventures. The startup will use the money to develop its API platform for fintech products. To that end, it will be tripling the size of its 25-person team for its offices both in Mexico and Spain. Belvo also plans […]

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Fintech ADDI raises US$15 million through Quona Capital

1 month ago

Contxto – Funding may be tight within the current Covid-19 context, but some startups are still closing equity deals. This is fintech ADDI’s case. Yesterday (21), the loaning startup announced it received a capital injection for US$15 million in an investment round led by Quona Capital. Other contributors include Foundation Capital, S7 Ventures, as well […]

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11 Mexican startups to watch in 2020

4 months ago

Contxto – Okay yes, there are some big startups in Mexico such as Clip, Konfío, and Grow, but honestly those are way too obvious. Everybody already knows them, so if you’re here to read more about the big guys, I’m afraid you won’t find what you’re looking for. Instead, we plan to offer you an […]

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Top 5 Venture Capital funds in Argentina

4 months ago

Contxto – If Chile’s venture capital (VC) scene is crowded for such a small country, all while keeping swift and nimble—as we saw in last week’s VC ranking—, then this week’s featured country packs a punch with a just handful of players.  Related articles: Top 7 Venture Capital funds in Chile The financial and economic […]

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Fintech Weel raises US$18 million investment with BV

4 months ago

Contxto – Fintech Weel raised an investment and let the world know last Thursday. The startup from Brazil announced it’s closed a round for R$80 million (about US$18.5 million) through BVx, the innovation arm of Brazilian bank, BV. Plus, this banking institution will also finance Weel for up to R$800 million (US$185 million). It’s not […]

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Fintech Konfío and Visa team up to offer SMEs credit card

4 months ago

Contxto – Mexican fintech Konfío is confident that it can help small and medium-sized enterprises (SMEs) access financial services that traditional banking has long often denied them.  And in partnership with Visa, the startup has it’s taken a step in that direction with the launch of a credit card for SMEs. According to a recent […]

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SoftBank looks for loaning startups from Latin America

5 months ago

Contxto – It’s said that actions speak more loudly than words. But, words tend to be more binding and less open for interpretation. And Andre Maciel, Managing Partner at SoftBank, in a recent statement made the venture capital (VC) giant’s intentions clear. During a conference held last Wednesday in São Paulo, the executive stated that […]

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Top 10 Venture Capital funds in Mexico

5 months ago

Contxto – There is another, less explored, facet of the startup equation. Indeed, no idea gets far without the money to do the walking. This is where venture capitalists (VCs) come in. And as one would expect, Venture Capital in Mexico and the rest of Latin America is no exception. Oft the mighty presences behind […]

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