The example that when you have a revolutionary and shocking idea you cannot miss it is this startup belonging to the fintech industry. In this 2021 accumulates 8 years of having changed the world of financing to SMEs throughout the country.
Transform the old system that until before 2014 had tied the hands of small and medium entrepreneurs. medium-sized companies that crashed into a bank door every time they applied for a loan was not easy. Here we tell you how Konfío he succeeded.
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In this article you will find:
The very history of its founders inspired the creation of Konfío
Live closely the experience of receiving the ton of "buts" that institutions use to reject countless good projects, awakened in Konfío's owners the dream of creating a financial technology company that would respond differently to those requests.
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As in any business, the beginning was difficult, but they remember with enthusiasm that the first loan they granted in 2014 was for $ 10,000 pesos for a SME that used it to replenish its inventory.
And from there, both the first businesses they supported, such as Konfío, got the push to continue growing and turning a need into an opportunity to progress mutually through trust reciprocal.
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Grant credits through an agile process
The financing for companies is the top service of this fintech, therefore, the process that entrepreneurs carry out to request a loan with them complies with the three things that everyone appreciates: speed, reliability and simplicity.
Konfío proved to the country and to the world that a thousand steps and exaggerated requirements are not needed to approve a loan to an SME. Currently there are less than 10 documents that are needed for your system to process a request and give a response in a few minutes.
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It is the Fintech that represents Mexico in the world
The way in which Konfío attracted the eyes not only of national investors, but also foreign ones was simple: it reached the same goal in a different way. He solved the issue of credit denial with technology, seeing the potential of companies and trusting them.
The investment of more than 250 million dollars obtained in 2020 positioned Mexico as the second country in Latin America to invest in Fintech.
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This investment was added to those that Konfío has received in previous years, placing it within the business union as one of the most important technological finance companies in Latin America.
In 2018 it was included by the Expansion Magazine within the group of disruptive companies of the year, for having changed the traditional scheme of financing for entrepreneurs by successfully renewing it and radically making it also more empathetic with Your clients.
Thousands of clients supported, more SMEs contributing to Mexican wealth
Today Konfío has helped more than 70,000 businesses and entrepreneurs grow so that, instead of temporarily closing its curtain, lower your costs or cut staff, strengthen the areas that need an injection of capital and continue to compete in the market.
They returned to a completely forgotten sector, a strong one capable of surviving any difficulty. Until 2020 there were around 4.9 million MSMEs, it is not uncommon that they are the ones that largely support the country's economy.
They generate just over 70% of formal jobs and contribute nearly 50% of the nation's gross domestic product. Entrepreneurs do everything to get ahead, how can we not commit to jumping the potholes together?
Positive effects of acquiring a loan with them
The testimony of thousands of his clients indicates that after having obtained the financing for entrepreneurs, their sales grew in half a year to 28%, while their productivity increased 14% as it was no longer necessary to subtract, it was time to add.
When business owners saw their customer base increase by 4% after taking credit to cure the pain they suffered, they realized that approaching Konfío was the best thing they could do to save it.
Its quality is also inside
For two consecutive years, it has been one of the companies with the best work environment according to the 10 Top Startups from LinkedIn. This makes it preferred by people to work.
And they are not wrong, just as you care for your customers, you also do it for your employees by being aware of their needs and giving them an excellent place to occupy themselves and progress.
Now imagine why Konfío is emerging to be the protagonist of many more successes in the Finctech industry not only in Mexico, but throughout Latin America.
