The fintech Konfío closed an investment round for 125 million dollars.
The company announced Tuesday that the series ‘E’ capital raise was led by Lightrock, an equity platform, and was accompanied by existing shareholders Softbank, VEF, Kaszek Ventures, QED Investors and the International Finance Corporation (IFC).
Konfío stressed that with this new capital raising it will strengthen the strategy of services such as the granting of agile credit, and that it will provide business management tools and payment solutions.
The fintech also plans to purchase other technology companies that expand the value of the ecosystem of products it delivers to its clients. And it is that while the bank reported a credit contraction during 2020, Konfío assured that its portfolio grew by 20%.
“We are confident that more and more entrepreneurs and investors will see Konfío as a solid and well-capitalized company that offers tangible growth opportunities, as well as countless development possibilities throughout the country,” said Marcos Wilson Pereira, managing partner of Lightrock and chief of operations in Latin America.
