This financing will help more than 1,000 small and medium-sized enterprises (“SMEs”) access agile loans and tools to boost their growth and productivity.

MEXICO CITY, JULY 27, 2021 – Konfío, a technology company with the mission of boosting growth and productivity of SMEs in Mexico, announced that Gramercy Funds Management (“Gramercy”), a dedicated emerging markets asset manager, joined as Lender in the structured credit facility that the company has with Goldman Sachs. Gramercy’s commitment of $18 million U.S. dollars will take the total facility to the equivalent of $178 million U.S. dollars. Gramercy chose Konfio as its first Fintech investment in Mexico, and this commitment will allow the company to expand its funding sources to support SMEs in the country.

This transaction reinforces Gramercy’s position as a leading capital provider to the non-bank financial sector in Latin America and one of the leading private credit players in Mexico, with more than $450 million U.S. dollars committed over the last three years.

 “We are delighted to support Konfío in its consolidation as one of the leading Fintech companies in Mexico and a disruptor in the financial services ecosystem. Konfío’s mission to expand financial inclusion for SMEs is aligned with Gramercy’s desire to positively impact underserved companies in Mexico and our consideration of environmental, social, and governance (“ESG”) factors as part of our underwriting process,” said Gustavo Ferraro, Partner and Co-Head of Gramercy’s Capital Solutions strategy.

On behalf of Konfio, Jeffrey Sadowsky, VP of Treasury and Capital Markets, added: “We are happy to welcome an investor like Gramercy in our funding structure, and look forward to leveraging their experience in emerging markets. The extension of this facility will help us to strengthen our credit offer, as well as free up resources to continue building up our technology solutions that assist our clients manage their businesses in a simple and more agile way.”

This new financing to Konfío comes after the recent equity raise led by Lightrock for $125 million U.S. dollars. This is another achievement for Konfío, a company that continues to position itself as a reliable platform, providing solutions to boost growth and productivity for underserved companies in Mexico.

About Konfío

Konfio is the leading technology company focused on promoting the growth and productivity of companies in Mexico, with an offer of solutions-oriented from three strategic pillars: credit, payments, and business management tools. Founded in 2013, Konfío offers access to agile credit with an immediate decision process based on data and artificial intelligence, a platform for managing and financing payments between companies, and a cloud system for operational, accounting, and financial management of the business available both for companies and accountants who provide services to companies.

About Gramercy

Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, UK/Africa, Brazil, and Colombia. The $5 billion firm, founded in 1998, seeks to provide investors with attractive risk-adjusted returns through a comprehensive approach to emerging markets supported by a transparent and robust institutional platform. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations. Gramercy’s mission is to positively impact the well-being of our clients, portfolio investments and team members. Gramercy is a Registered Investment Adviser with the SEC and a Signatory of the Principles for Responsible Investment (UNPRI). Gramercy Ltd, an affiliate, is registered with the FCA.