Selected 2004

Kubo Financiero

  • Country Mexico
  • Lead Investors Bamboo Finance, Alta Ventures
  • Industry Financial Services
  • Investment Date July 2016

Description

Kubo Financiero is a regulated microfinance institution that provides accessible and affordable loans to borrowers in Mexico. A pioneering company in Mexico’s microfinance sector, Kubo is building online financial communities that link creditworthy borrowers with savvy investors through a peer-to-peer (P2P) lending business model. In July 2015, the Mexico City-based company became the first regulated peer-to-peer (P2P) lending platform in the country when it received authorization from The National Banking Commission of Mexico (CNBV).

Fun Fact

Kubo’s CEO, Vincente Fenoll, is a veteran of this industry in Mexico, having previously built the micro-finance institution, Fincomun, before starting Kubo in 2012. He was originally selected as an Endeavor Entrepreneur at ISP 13 in April 2004 in Mexico.

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