Konfío becomes first Mexican fintech to secure investment from Gramercy

The Mexican company, which creates financial solutions for growing companies, has increased its structured credit line with Gramercy via Goldman Sachs, and which will help more than 1,000 small and medium-size companies gain access to agile credit and business management tools to boost their growth and productivity.

The addition of Gramercy Funds Management as an investor marks a milestone for both companies, as the Greenwich, Connecticut-based fund chose Konfío as its first investment in a financial technology company in Mexico.

This transaction reinforces Gramercy's position as a leading capital provider to the non-banking financial sector in Latin America, and as one of the leading private credit providers in Mexico, with more than $450 million committed over the past three years in the country.

"We are pleased to support Konfío in its consolidation as one of the leading fintech companies in Mexico and a disruptor in the financial services ecosystem,” Gustavo Ferraro, Partner and Co-Leader of Gramercy's private lending strategy, said.

“Konfío's mission to drive financial inclusion for SMEs is aligned with Gramercy's commitment to positively impact underserved companies in Mexico and our consideration of environmental, social and corporate governance factors in our investments," he added.

"We are pleased to have an investor like Gramercy in our financing structure, and to leverage the fund's experience in emerging markets,” Jeffrey Sadowsky, Konfío's VP of treasury and capital markets, said. 

“The extension of this facility will help us to continue to support Mexico's growing companies, and to strengthen technology solutions that will continue to benefit our clients in managing their businesses in a simpler and more agile way,” he added.

This new credit support for Konfío is in addition to the recent capital injection led by Lightrock for $125 million and is another step toward positioning Konfío as a solid and robust financial solutions company.