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Konfio

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Financial solutions platform for Mexican SMEs.

Mexico City, MexicoFounded 2013Fintech

Valuation $1–2.5B Last recorded · 2021

Revenue $10–50M Latest reported FY

Headcount 1–2k Current team size

Total funding $100–500M Disclosed equity funding

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About Konfio

Konfío is a Mexico-based fintech startup that provides digital financial services to small and medium-sized enterprises (SMEs). The company operates in the financial technology market, specifically in the lending sector. It offers two main products: business credit and a business credit card. These services are designed to help SMEs grow by providing them with quick and easy access to credit.

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Konfío's business model is based on lending money to its clients and earning interest on these loans. The company uses technology to assess the creditworthiness of its clients, which allows it to make quick decisions and provide funds faster than traditional banks.

In addition to its lending services, Konfío also shows a strong commitment to its clients during difficult times. For instance, in the wake of Hurricane Otis, the company offered a support plan to its affected clients in Acapulco de Juárez and Coyuca de Benítez. This plan included a postponement of regular payments for both the business credit and credit card products from October 2023 to April 2024. During this period, no interest was generated on these products, and clients' credit scores were not negatively impacted.

In summary, Konfío is a digital lender for SMEs, using technology to provide fast and easy access to credit, while also demonstrating a commitment to supporting its clients during challenging times.

Source: Dealroom company data