SoftBank leads $100 million funding spherical in Mexico’s Konfio


FILE PHOTO: The emblem of SoftBank Group Corp is displayed at SoftBank World 2017 convention in Tokyo, Japan, July 20, 2017. Information/Issei Kato/File Photograph

SAO PAULO (Information) – Japan’s Softbank Group Corp (9984.T) is main a $100 million funding in Mexico’s monetary companies platform Konfio in its fourth financing spherical, the Mexican firm mentioned in an announcement on Tuesday.

SoftBank is investing alongside QED Buyers, Kaszek Ventures and Vostok Rising Finance, Konfio mentioned.

Information reported in August that SoftBank was in superior talks to spend money on Konfio, which helps small companies safe loans.

The deal is the newest in a collection by SoftBank, which is investing the proceeds of its $5 billion Latin America fund, launched in March.

Reporting by Carolina Mandl; Modifying by Nick Zieminski