A look at three Latin American tech startups

A look at three Latin American tech startups

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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

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