# Grupo Conektame, S.A. de C.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/grupo-conektame-s-a-de-c-v

- Industry: Software
- Headquarters: Mexico City, Mexico
- Website: www.conekta.com
- Total disclosed funding: $8.7M
- Latest round: Series A (Oct 25, 2016)
- Investors on record: 7

## About

Grupo Conektame, S.A. de C.V. is a Mexico-based company specializing in payment processing solutions, enabling businesses to efficiently handle various payment methods including cards, cash, and transfers.Grupo Conektame, S.A. de C.V. was founded in 2011 and operates from Mexico City, Mexico. The company focuses on providing a robust payment processing platform tailored primarily for the Mexican market. Led by CEO Alejandro Hinojosa and supported by co-founders Cristina Randall, Kim Coll, and Leo Fischer, Grupo Conektame has successfully completed five significant funding deals, with the most recent funding round occurring on March 28, 2019, where the company raised USD 13 mn, led by Propel Venture Partners with participation from Cometa and FEMSA Comercio, S.A. de C.V. This round brought the total amount raised to USD 13 mn.Conekta offers a comprehensive payment processing platform that supports a wide range of payment methods, including credit and debit cards, cash, and bank transfers. Their core product offerings include Checkout, Payment Buttons, and Payment Links, designed to integrate seamlessly into e-commerce platforms. Conekta also provides extensive API references and developer documentation to assist businesses of all sizes in integrating their services, catering primarily to the Mexican market with clients ranging from small retailers to large enterprises.Conekta generates revenue through transaction fees from payments processed on its platform, typically a percentage of the transaction value across various payment methods. The company also offers subscription services that grant access to premium features, enabling businesses to enhance their payment capabilities. This structure allows Conekta to serve a diverse range of business types while maintaining a robust income stream that scales with its client base.In March 2019, Grupo Conektame, S.A. de C.V. raised USD 13 mn in venture funding, primarily aimed at enhancing their product offerings and expanding into new markets. The company plans to develop new products and features to improve its payment processing capabilities, although specific launch dates have not been disclosed. Geographic expansion is also on the horizon, targeting additional regions within Latin America to capitalize on the growing demand for digital payment solutions. The recent funding will support these initiatives, enabling the company to strengthen its market presence and attract a broader customer base.

## Funding rounds

- Series A, Oct 25, 2016, $6.6M — Wollef, Cometa, Conconi Growth Partners, FEMSA Comercio, S.A. de C.V.
- Seed, May 1, 2015, $1.8M — 500 Global, Cometa, Escala.VC
- Seed, Jun 13, 2013, $0.3M — 500 Global, Wollef
- Seed, Oct 15, 2011, $0M — Mexican.VC

## Investors

- Mexican.VC (https://capitalatlas.ai/funds/mexican-vc) — Seed
- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Wollef (https://capitalatlas.ai/funds/wollef) — Seed, Series A
- Cometa (https://capitalatlas.ai/funds/cometa) — Seed, Series A
- Escala.VC (https://capitalatlas.ai/funds/escala-vc) — Seed
- Conconi Growth Partners (https://capitalatlas.ai/funds/conconi-growth-partners) — Series A
- FEMSA Comercio, S.A. de C.V. — Series A