SoftBank pours $100M into Mexico’s Konfio – TechCrunch techcrunch.com

Three months after Goldman Sachs lent $100 million to Mexican fintech Konfio, SoftBank has invested another $100 million into the financial services company.
The investment confirms Reuters’ August report that SoftBank was in advanced talks with the startup — now one of the most heavily funded fintechs in Mexico.
SoftBank is continuing to expand its Mexican portfolio, which now includes used car buying platform Kavak and payments startup Clip.
As traditional banks shy away from small to medium-sized business loans in Mexico, Konfio’s credit underwriting service provides a faster alternative.
Konfio uses a data-first approach to enable fast credit assessment for SMBs looking to grow their businesses.