SoftBank participated in a $110m extension to round valuing the business lending platform developer at $1.3bn, making it Mexico’s fourth unicorn.

Mexico-based business lending platform Konfio has increased a series E round featuring internet and telecommunications group SoftBank to $235m at a valuation of $1.3bn, Bloomberg reported on Wednesday, citing a company statement.

Tarsadia Capital and QED Investors co-led a $110m extension to round, with SoftBank and Kaszek also participating. It ostensibly makes Konfio the fourth unicorn to come out of Mexico.

Founded in 2013, Konfio operates an online platform where small and medium-sized businesses, which are typically underserved by conventional…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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