US EditionGoldman Sachs and JP Morgan give Konfio a vote of confidence: They increase their funding
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The Mexican FinTech, Konfio, announced, on Wednesday, December 18, that Goldman Sachs, JPMorganChase and Afore Sura Mexico expanded their financing by a sum of 7.422 million pesos. Konfio consolidated the agreement while continuing with procedures to become a multi-bank institution. Meanwhile, the financing will allow the company to expand its credit capacity.The agreement will allow to assist more than 10,000 Small and Medium-sized Companies (P…
Goldman Sachs, JPMorgan Chase and Sura expanded their funding lines to Konfio with an added value of 7.422 million pesos. Goldman Sachs expanded the amount of a funding line to 4.4 billion pesos and extended its validity until February 2028. Afore Sura Mexico will participate in this financing, making it the first Mexican institutional investor of unicorn debt. While JPMorgan Chase extended an existing credit line to 3.1222 million pesos and ext…
JPMorganChase also extended an existing line of credit to $148 million and extended its term to May 2027
The Mexican fintech Konfio achieved an increase of three lines of credit for 7,422 million pesos with the banks JP Morgan and Goldman Sachs, as well as Sura. Konfio’s plan, which this year began the procedures to obtain a bank license, responds to the need of the fintech to continue offering credit products to Mexican SMEs. “These strategic financings allow Konfio to have latent resources to continue to grant the country’s SMEs working capital c…
The financial technology Konfio received the expansion of financing lines by Goldman Sachs and JPMorgan Chase, as well as Afore Sura Mexico, which reach 7,422 million pesos in aggregate, with the aim of boosting attention to small and medium-sized enterprises (SMEs) in which the financial sector specializes.In this context, the firm that started operations in 2014 as a Multi-Objective Financial Society (Sofom), confirmed that it continues with t…
Mexican fintech Konfío obtained an extension of credit lines with Goldman Sachs, JPMorganChase and Afore Sura that together amount to MXN$7,422 million, while the entity seeks to become a bank.Goldman Sachs, who had already extended a line of credit to the company for MXN$4,100 million in March 2023 together with Gramercy, raised the amount to MXN$4,400 million valid in February 2028, reported the fintech in a statement.Afore Sura Mexico will pa…
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