Konfio

lendingp2p lendingsme financing

FOUNDING YEAR: 2013
LOCATION: Mexico
Last Update: 08/09/2020

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About

Konfo is an online lending platform that helps micro-businesses in Latin America who dont have access to credit obtain affordable loans, thanks to a propriety algorithm that uses technology to measure creditworthiness. Our mission is to boost the regional economy with productive loans for young promising businesses who need it the most.

MEDICI Analysis

Konfio is an online lending platform that helps micro-businesses in Latin America who don’t have access to credit obtain affordable loans.

Focus

PRODUCTS & SERVICES

P2P lending for underserved microenterprises in Latin America. It offers loans ranging from MXN $10,000 to $350,000 for terms ranging from 4-36 months.

REVENUE MODEL

The company generates revenue by charging 5% monthly interest rate.

MAIN CLIENTS

Micro-business

People

FOUNDERS

Francisco Padilla

David Aranac

Pako Padilla Sanchez

David Arana

BOARD MEMBERS AND ADVISORS

Alvaro Ley

Hernando Aguilera

Sergio Correu

Nopic Martin Ley

NUMBER OF EMPLOYEES

51-200

INVESTORS:

500 Startups

Accion

Goldman Sachs

IFC

Jaguar Ventures

KaSZek Ventures

QED Investors

Quona Capital

SoftBank

Vostok Emerging Finance

KEY EMPLOYEES:

David Arana (CEO); Francisco Padilla (CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$143 M

DATE OF LAST FUNDING

Dec 2019

TOTAL FUNDING COMMENT

The company is planning to use the funds to strengthen its operations, grow its user base, and adopt corporate best practices. (July 2018)

FUNDING SERIES

SERIES A  · $8 M  · May 2016

SERIES B  · $10 M  · Oct 2017

SERIES C  · $25 M  · Jun 2018

SERIES D  · $100 M  · Dec 2019

DEBT FUNDING

$250 M

PRIZE MONEY

$50 K

LISTED

NO

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Konfio

About

Konfio is an online lending platform that helps micro-businesses in Latin America who don’t have access to credit obtain affordable loans

Focus

PRODUCTS & SERVICES

P2P lending for underserved microenterprises in Latin America

REVENUE MODEL

The company generates revenue by charging 5% monthly interest rate.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

Traction

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

employee: David Arana(CEO);

employee: David Arana(CEO);

employee: David Arana(CEO);

BOARD MEMBERS AND ADVISORS:

Alvaro Ley, Hernando Aguilera, Sergio Correu, Nopic Martin Ley

INVESTORS:

Jaguar Ventures

Venture Lab

Momentum

FUNDED

YES

TOTAL FUNDING:

$8 M

LISTED

NO

FUNDING SERIES

SERIES A  · $8 M  · May 2016