YoFio
Latest round
- Seed
Last raised
- Feb 2024
Total raised
- $0.1M
Investors
- 5
About YoFio
Based in Mexico City, Mexico, and founded in 2019, Fresh Lending SAPI de CV develops YoFio, a mobile fintech application. As of 2021, Yofio is operable in 300 stores with over 6000 users and has processed over 50,000 transactions. The company’s app is downloadable on Android. The company’s product is Yofio, a mobile application used to grant microcredits to customers to buy in ‘corner stores’ for food and other groceries. The app allows the customers to lend and pay back in thirty days. The user is required to create an account on the app and scan the QR code in affiliated shops. The loan amount starts at MXN 350 to MXN 1,850. Yofio also offers shopkeepers, a platform to increase sales by enabling them to register their stores and earn MXN 100 for each client. The company generates revenue through a membership model that charges a weekly price of MXN 30. Yofio does not charge interest.
Who invested in YoFio
5 investors across 2 rounds
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Questions about YoFio
Who invested in YoFio?
YoFio has 5 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has YoFio raised?
YoFio has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did YoFio last raise money?
YoFio's most recent round on record is a Seed, in Feb 2024.
What does YoFio do?
Based in Mexico City, Mexico, and founded in 2019, Fresh Lending SAPI de CV develops YoFio, a mobile fintech application.
Where is YoFio headquartered?
YoFio is headquartered in Ciudad de Mexico, Mexico.
Which VCs invest in companies like YoFio?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back financial services companies at YoFio's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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