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Konfío

Can a Mexican SMB lender evolve into the full financial operating system — credit, cards, acquiring, and deposits — for the country's underbanked small businesses?

Founded2013
HQMexico City, Mexico
Total raised$500M+ (equity + debt)
Latest round$125M equity round led by Lightrock
ValuationUnicorn (>$1B)
IndustryFintech / SMB Lending
The story

Konfío launched in 2013 as a data-driven SMB lender in Mexico, addressing the chronic underbanking of small businesses. Through the Sr. Pago acquisition (Cobra Online) it expanded beyond credit into card acquiring and corporate cards (Konfío Pay terminals, Tarjeta Empresarial VISA, Konfío Pay payment links). In 2023 it filed for a Mexican bank charter to add deposit-taking and become a full financial OS for SMBs, signaling a move from monoline lender to SMB neobank.

Last 12 months
2026
2026
Product timeline
2013
Founded as an online SMB lending platform in Mexico using alternative data for underwriting· lending
2019
Partnership with PayPal to power Working Capital loans for Mexican merchants; SoftBank invests $100M and Goldman Sachs extends $100M credit line· lending
2021
Acquired Sr. Pago (Cobra Online) extending into payments/terminals and corporate cards· acquisition
2022
Launched Konfío Tarjeta Empresarial (business credit card on VISA) and Konfío Pay payment terminal/links· card
2023
Initiated process to obtain a Mexican banking license to take deposits· pivot
2023
Goldman Sachs + Gramercy extend debt facility up to MX$4,100M· lending
Regulated entities
SOFOM E.N.R.
Mexico (CNBV-supervised AML)
Red Amigo DAL, S.A.P.I. de C.V., SOFOM, E.N.R.
Payments entity
Mexico
Cobra Online, S.A.P.I. de C.V. (Sr. Pago)
Bank charter (in process)
Mexico (CNBV) · 2023
Konfío
The stack
Payments / PSP
Konfío Pay (self-operated)Sr. Pago / Cobra Online (self-operated payment terminal)
Banking / BaaS
Konfío (in-house, bank charter pending) / Red Amigo DAL SOFOM ENR (in-house)
Card issuing
Konfío (VISA business card, issuer unspecified)
Lending
Konfío / Red Amigo DAL SOFOM ENR (in-house)Crédito Konfío (SMB term loan)Línea de Crédito Empresarial via Tarjeta VISAKonfío Pay financing for buyersPayPal Working Capital Mexico (powered by Konfío)
Accounting
CFDI / ERP export reports
Accounting gap: minor