Stay up to date on our entrepreneurs, events, research and more. Check out our August newsletter here.
The Mexico City-based kubo.financiero, founded by Endeavor Entrepreneur Vicente Fenoll, announced a US$7.5M Series A investment led by Luxemburg-based Bamboo Finance, with participation from Monex, Endeavor Catalyst and a group of high-level angel investors. Kubo.financiero is an online peer-to-peer (p2p) lending community that connects potential borrowers with investors willing to provide financing.
The first credit marketplace regulated in Mexico, kubo uses proprietary and innovative technology to provide competitive interest rates with an online business model without physical bank branches. kubo is constituted as a People’s Financing Society (SOFIPO), which is authorized and supervised by the Mexico’s Securities and Exchange Commission (CNBV). Kubo is the first and only of such regulated entities in the country. Kubo’s previous investors include Alta Ventures Mexico Fund I, Capital Invent, Vander Capital Partners and Wayra.
“This investment confirms the trust in kubo and in the Mexican FinTech industry. We are very happy with the participation of current and new investors,” said Vicente Fenoll, founder and CEO. “With this new round, we will be able to speed up our disruptive business model, so that we can help our clients enjoy personal and economic benefits through the products and services we provide.”
Read more about the news by clicking here.
About Endeavor Catalyst
Endeavor Catalyst is the innovative co-investment fund of Endeavor, set up to invest exclusively in Endeavor Entrepreneur-led companies and to sustain Endeavor’s long-term operations in a mission-aligned way. Since launching in January 2012, Endeavor Catalyst has raised $35M in philanthropically donated and invested capital, and invested into 38Endeavor companies in 15 countries. To date, Endeavor Catalyst has co-invested alongside a number of leading venture capital and growth equity funds, including Accel Partners, General Atlantic, NEA, Sequoia Capital and Tiger Global. Investments include Globant (NYSE: GLOB) in Argentina; Yemeksepeti.com (acquired by Delivery Hero) in Turkey and Neoway in Brazil.
© 2019 Endeavor Global, Inc.
All Rights Reserved
Endeavor Global, Inc.
900 Broadway, Suite 301
New York, NY 10003
1 (212) 352-3200
Website by BRITEWEB