SoftBank is in charge of a $ 100 million funding round in Mexican Konfio


FILE FILE: SoftBank Group Corp logo is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS / Issei Kato / File Photo

SAO PAULO (Reuters) – Softbank Group Corp of Japan (9984.T) is leading a $ 100 million investment in Mexico's financial services platform Konfio in its fourth round of funding, the Mexican company said in Tuesday's statement.

SoftBank is investing alongside QED Investors, Kaszek Ventures and Vostok Emerging Finance, Konfio said.

Reuters reported in August that SoftBank was in talks to invest in Konfio, which helps small businesses get loans.

The discussion is the latest in a series at SoftBank, which is investing its $ 5 billion fund in Latin America, which was launched in March.

Reporting at Carolina Mandl; Edited by Nick Zieminski

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(TTTranslate tags) (US) t) Mexico (t) Asia / Pacific (t) Investment and Fund Management Operators (TRBC) (t) Private Equity Fund Loans (T) t


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