# Kontempo

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

- Industry: Software
- Headquarters: Mexico City, Mexico
- Website: www.kontempo.io
- Total disclosed funding: $6.5M
- Latest round: Seed (Aug 4, 2022)
- Investors on record: 6

## About

Founded in 2017 by Matthew Meehan (CEO), Antonia Marino and Kwesi Steele, and based in Mexico City, Mexico, Kontempo operates as a provider of business-to-business online banking software that offers buy now pay later (BNPL) financial solutions. In August 2022, Kontempo raised USD 6.5 million in Seed funding led by new investor Portage Ventures, with participation from other new investors Asymmetric Capital Partners, IGNIA Partners, SCOR Global P&C Ventures, Tectonic Ventures, and Upper90. The round was part of a larger USD 31.5 million seed and debt funding. As of August 2022, the company had 11 employees.   

Kontempo offers buy-now-pay-later (BNPL) and interest-free installment plans to business-to-business (B2B) customers. The client just has to integrate Kontempo into its sales channels: online, offline, or hybrid, and at checkout, clients select Kontempo as a form of payment.  

The company plans to use the funding to grow its team by hiring new employees, expanding Kontempo's merchant network, and further enhancing the technology that underpins its platform.

## Funding rounds

- Seed, Aug 4, 2022, $6.5M — IGNIA Partners, Portage Ventures, Tectonic Ventures, Upper90, Asymmetric Capital Partners, SCOR Global P&C Ventures

## Investors

- IGNIA Partners (https://capitalatlas.ai/funds/ignia-partners) — Seed
- Portage Ventures (https://capitalatlas.ai/funds/portage-ventures) — Seed
- Tectonic Ventures (https://capitalatlas.ai/funds/tectonic-ventures) — Seed
- Upper90 (https://capitalatlas.ai/funds/upper90) — Seed
- Asymmetric Capital Partners (https://capitalatlas.ai/funds/asymmetric-capital-partners) — Seed
- SCOR Global P&C Ventures — Seed