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Mexican lender Konfio raises $100m from SoftBank

Mexico City based lender raised $100m from Softbank, three months after raising $100m in debt financing from Goldman Sachs.

Konfio uses a data-first approach to enable fast credit assessment for SMBs looking to grow their businesses. The service can disburse credit in a one-day turnaround, as opposed to locking users into a traditional months-long approval process that can often require collateral.

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latin america