# Concentradora Financiera Higo, S. de RL de CV

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/concentradora-financiera-higo-s-de-rl-de-cv

- Industry: Financial Services
- Headquarters: Mexico City, Mexico
- Website: www.higo.io
- Total disclosed funding: $26M
- Latest round: Series A (Sep 30, 2021)
- Investors on record: 7

## About

Concentradora Financiera Higo, S. de RL de CV is a financial technology company providing an artificial intelligence-driven platform for managing financial operations, enhancing efficiency for small and medium-sized enterprises (SMEs).Concentradora Financiera Higo was founded in 2020 in Mexico City, Mexico. The company specializes in financial management solutions for SMEs, enabling them to streamline their financial operations. The firm has not undergone significant business pivots or changes since its inception. The founders, Daniel E, Juan Gallardo, and Rodolfo Meier, have backgrounds in finance and technology. In September 2021, the company raised USD 23.00 mn in a Series A funding round led by Accel, which included participation from Tiger Global Management and several returning investors. This funding brought the total amount raised by the company to USD 23.00 mn, reflecting a strong investor interest in the company's growth potential.Concentradora Financiera Higo offers a comprehensive financial management platform that utilizes artificial intelligence to enhance accounts payable and receivable processes. Its product suite includes tools for managing supplier payments, payroll processing, invoice tracking, and cash flow optimization. The platform automates financial transactions, providing real-time updates and notifications to improve communication with suppliers and employees. Targeted primarily at small and medium-sized enterprises, Higo serves a diverse clientele across various industries, including retail, hospitality, and distribution, with a focus on the Mexican market and potential for growth into other Latin American regions.Concentradora Financiera Higo operates on a subscription-based revenue model, allowing clients to access its suite of financial management tools and services. The pricing structure caters to different business sizes and needs, enabling organizations to subscribe and utilize features for payroll, supplier payments, and invoicing management. Through subscriptions, clients benefit from automated notifications and real-time financial reporting, which facilitate smoother operations. The company may also form partnerships to expand its service offerings and strengthen its position within the financial management sector.In September 2021, Concentradora Financiera Higo raised USD 23.00 mn in a Series A funding round to accelerate the local small and medium-sized business ecosystem. The funding will be utilized to enhance the platform with new products aimed at improving financial management capabilities. The company plans to expand its reach beyond Mexico into other Latin American markets, with specific markets targeted for growth yet to be announced. The recent funding will play a crucial role in supporting these initiatives, positioning Higo for future development and expansion.

## Funding rounds

- Series A, Sep 30, 2021, $23M — Accel, Tiger Global Management, Homebrew, Susa Ventures, Haystack, Analog Ventures, Audacious Ventures
- Seed, Mar 18, 2021, $3.3M — Homebrew, Susa Ventures, Haystack, Analog Ventures

## Investors

- Homebrew (https://capitalatlas.ai/funds/homebrew) — Seed, Series A
- Susa Ventures (https://capitalatlas.ai/funds/susa-ventures) — Seed, Series A
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed, Series A
- Analog Ventures (https://capitalatlas.ai/funds/analog-ventures) — Seed, Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- Audacious Ventures (https://capitalatlas.ai/funds/audacious-ventures) — Series A