kubo.financiero operates a P2P lending platform in Mexico that connects individual investors with borrowers using technology and data to underwrite loans. The platform issues loans ranging from US$400 to $4,100 with terms of 4 to 36 months for uses including working capital, fixed assets, education fees and loan pre-payment. The company has provided over 4,700 loans totalling $35M since 2012, funded by about 500 individual investors. Led by founder and CEO Vicente Fenoll, kubo.financiero intends to use the new capital to continue expanding operations. The articles describe the recent fundraise as a Series A round; no additional financial covenants or debt instruments are mentioned. No other past round sizes or founding year beyond the "since 2012" metric are specified in the articles. Kubo Financiero is a Mexican startup specializing in peer-to-peer lending and financial-services technology. The company is participada by the accelerator Wayra and has previously counted Vander Capital among its backers. It aims to create a microfinance marketplace to connect supply and demand for financial resources. As of the article, Kubo reported 5,200 credit applications and has formalized 1,200 loans. Most of those loans have been for companies needing financing for productive activity. The company closed a financing round to support its growth and marketplace development.

Total raised

$11M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2016