With a credit extension to MX$ 3,700 mm (MX$ 500 mm upsize) and renewal up to 2026, Goldman Sachs continues to finance Konfío’s fully digital credit models to boost Mexican small and medium-sized businesses. Access to credit continues to be the primary growth barrier for small and medium-sized businesses in Mexico, and with this extended line, Konfío will be able to channel nearly 10,000 fresh loans to this vital segment. This extended credit line will continue to be amplified by financing provided by Gramercy Funds Management LLC (“Gramercy”) for MX$ 400 million.

Mexico City, March 2, 2023. Konfío, a leading Mexican fintech company that leverages data and technology to become the preferred growth partner for small and medium-sized businesses (SMBs), secured a two-year extension and increase for up to MX$ 4,100 million (previously MX$ 3,600 million) in credit lines from Goldman Sachs and Gramercy combined. With loan sizes ranging from MX$ 150,000 to MX$ 3,000,000, this investment will allow the Mexican fintech company to provide nearly 10,000 new loans.

Konfio’s loans to SMBs are one piece of a uniquely integrated ecosystem of services assembled by Konfio, including a multi-featured business credit card, payment terminals, and business tools. With this multi-service, online and digital-first approach, Konfío leverages technology and data analytics applied over traditional and non-traditional data sources to streamline the loan application process, providing convenience and affordability to creditworthy customers who are historically underserved by traditional banking.

“We are happy to report this credit facility extension, as it shows continued confidence in the Mexican SMB segment and Konfio’s lending business, while it helps us continue pursuing our mission to boost SMBs growth and productivity in Mexico”, said David Arana, CEO and founder of Konfio.

This Goldman Sachs credit line will continue to be provided in conjunction with a second lien facility from Gramercy. “The combination of Gramercy’s second lien facility on top of the extended Goldman Sachs credit line, allows us to be more efficient at deploying Konfio’s capital in favor of SMBs. We look forward to continuing to build on the favorable experience of having these two institutions working in sync in support of our mission”, said Jeffrey Sadowsky, Konfio’s VP of Treasury & Capital Markets.

About Konfio

Konfio is venture-backed by QED Investors, Kaszek Ventures, SoftBank Innovation Fund, VEF, IFC, and Accion, and has secured credit facilities from Goldman Sachs, Gramercy, JP Morgan, Community Investment Management and IDB Invest, among others.

About Goldman Sachs

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

About Gramercy

Gramercy is a dedicated emerging markets investment manager based in Greenwich, Connecticut with offices in London, Buenos Aires, Miami, West Palm Beach and Mexico City, and dedicated lending platforms in Mexico, Turkey, Peru, Pan-Africa, Brazil, and Colombia. Gramercy offers alternative and long-only strategies across emerging markets asset classes including multi-asset, private credit, public credit, and special situations.