Konfio’s $235 Million Funding Round

Carey Olsen acted on behalf of Konfio on the funding round.

Mexican financial technology firm Konfio has raised US$235 million in a Series E funding round.

The valuation makes Konfio Mexico’s fourth unicorn – a privately owned startup company with a valuation of more than US$1 billion. Konfio will use its latest funding to broaden its reach in the country and to make new acquisitions and integrations to improve its service platform and consolidate its offering as the operating system of choice for growing companies in Mexico.

The tranche is co-led by Tarsadia Capital, LLC and QED Investors, LLC and included participation from SoftBank Investment Advisers (UK) Limited, VEF AB (Publ), Kaszek Management S.A., International Finance Corporation, Lightrock LLP. 

Established in 2014, Konfio has granted loans to 35,000 companies and has diversified to provide payment and accounting solutions for SMEs.

The Carey Olsen team was led by partner Alistair Russell (Picture), assisted by associate Emily Cornhill.

Involved fees earner: Emily Cornhill – Carey Olsen; Alistair Russell – Carey Olsen;

Law Firms: Carey Olsen;

Clients: Konfío;

Author: Sonia Carcano