Konfio

Konfío is an online lending platform for small businesses in Mexico that uses data for rapid credit assessment. What separates Konfio from the others is its focus on micro-businesses and small- and medium-sized enterprises. Like other technology-based lenders, Konfio uses a combination of data from social media and online payments to more traditional data to make real-time approvals of loans. Konfio’s first product launched in 2014 — a term-loan with fixed installments and a maximum amount of $50,000 (a limit that also sets it apart from its other Mexican peers).