Konfio is an online lending platform that helps micro-businesses in Latin America who don't have access to credit obtain affordable loans, thanks to a propriety algorithm that uses technology to measure creditworthiness.
Konfio's platform grants small businesses loans that help them grow their operations and develop their businesses with competitive rates and through an online process.
Konfio was founded in Apr 1, 2013 by David Arana & Francisco Padilla and is based in Mexico City, Distrito Federal, Mexico.
Konfio has created new solutions that support small and medium businesses to improve their finances and exponentiate their growth. It's software visualizes the operations of your business in a single platform and know your financial health.
Konfio is backed by investor including Goldman Sachs, SoftBank, International Finance Corporation, Vostok Emerging Finance, Victory Park Capital, & Quona Capital among others. The company raised $100M from a latest Series D financing on Dec 03, 2019, this comes on the back of $250M funding on Sep 6, 2019. This new round brings Konfio's total funding to $452.8M to-date.