Home / 2019 / 2019/Q2 / A look at three Latin American tech startups

A look at three Latin American tech startups

A look at three Latin American tech startups

July 31, 2019 | Charles Newbery
Konfío, Dr. Consulta, The Not Company employ technology to tackle regional challenges

Equity Funds IPO M&A People Brazil Argentina Colombia Mexico Chile Special Reports

Konfío Fiiberto Castro Small and medium enterprises (SMEs) account for four out of five companies and more than half of Mexico’s GDP. Despite that economic clout, only two-thirds of them have access to credit, according to Moody’s Investors Service. Konfío hopes to change that. Founded in 2013 by David Arana, a mathematician and veteran of Deutsche Bank in New York, and Francisco Padilla, a computer science expert, the Mexico City-based company is taking direct aim at the underserved SME community. Since 2016 the founders have raised more than $100 million in a series of funding rounds that has attracted such venture capital firms as Bermuda-based Vostok Emerging Finance and US-based QED Inv

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