Internet and telecommunications group SoftBank took part in the round, which will fund the business finance provider's acquisition strategy.
Mexico-based business financing platform Konfio completed a $125m series E round featuring internet and telecommunications group SoftBank.
The round was led by private equity firm Lightrock and included $20m from Vostok Emerging Finance (VEF) and additional cash from Kaszek Ventures, QED Investors, Tarsadia Capital and the World Bank’s International Finance Corporation (IFC) vehicle.
Konfio runs an online platform that provides financing to small and medium-sized businesses at better rates than conventional business loans offered by Mexican banks.
The platform uses…
