# Konfio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/konfio

- Industry: Financial Services
- Headquarters: Mexico City, Mexico
- Website: www.konfio.mx
- Total disclosed funding: $370M
- Latest round: Series E (Sep 29, 2021)
- Investors on record: 12

## About

Founded in 2013 and based in Mexico City, Mexico, Red Amigo DAL, SAPI de CV, SOFOM ENR, doing business as Konfio, develops an AI-integrated online lending and payment processing platform that provides tools for credit, payments, and business management. The company was founded by Francisco Padilla and David Arana (CEO). In September 2021, Red Amigo DAL, SAPI de CV, SOFOM ENR raised USD 110 million in series E by investors QED Investors, Tarsadia Investments, Lightrock, International Finance Corporation, Kaszek Ventures, SoftBank Group, and Vostok Emerging Finance.

The company's product is an AI-integrated platform that offers financial tools for credit, payments, and other related business financial processes. It designs a credit card that offers a flexible credit line and annuity bonuses when the user reaches the minimum number of purchases. The company also offers Managementix, a cloud-based business management software that automates the business financial process of an organization. It also offers Konfio Pay, a B2B payment tool that allows users to receive payments and analyze the financial stability and behavior of their clients.

The company's revenue is generated by the transaction fees applied for using the software and the sales of its modified credit cards.

The company plans to expand the value of the ecosystem of products it offers to small and medium-sized products.

## Funding rounds

- Series E, Sep 29, 2021, $110M — QED Investors, Kaszek Ventures, Lightrock, Tarsadia Investments, [DUP] International Finance Corporation, Softbank Latin America Ventures, VEF
- Series E, Jun 22, 2021, $125M — QED Investors, Kaszek Ventures, Lightrock, Tarsadia Investments, [DUP] International Finance Corporation, Softbank Latin America Ventures, VEF
- Series D, Dec 3, 2019, $100M — QED Investors, Kaszek Ventures, Vostok Emerging Finance, Softbank Latin America Ventures
- Series C, Jun 18, 2018, $25M — International Finance Corporation, QED Investors, Kaszek Ventures, Wollef, Quona Capital, Vostok Emerging Finance
- Series B, Oct 9, 2017, $10M — International Finance Corporation, Accion, QED Investors, Kaszek Ventures, Wollef, Quona Capital

## Investors

- International Finance Corporation — Series B, Series C
- Accion (https://capitalatlas.ai/funds/accion) — Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B, Series C, Series D, Series E
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series B, Series C, Series D, Series E
- Wollef (https://capitalatlas.ai/funds/wollef) — Series B, Series C
- Quona Capital (https://capitalatlas.ai/funds/quona-capital) — Series B, Series C
- Vostok Emerging Finance — Series C, Series D
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series D, Series E
- Lightrock (https://capitalatlas.ai/funds/lightrock) — Series E
- Tarsadia Investments — Series E
- [DUP] International Finance Corporation — Series E
- VEF (https://capitalatlas.ai/funds/vef) — Series E