Zenfi is a free super app built to improve financial health for Mexican consumers, combining credit products, free credit tracking, open-banking integration and tax-filing tools. The platform touts an average lending rate of roughly 19% APR and a new personal finance manager that offers long-term planning based on users' financial data. The company reports more than 3 million users, has distributed over $100 million in loans, maintains a 3.4% default rate and generates about $10 million in annual recurring revenue. Zenfi says it is profitable, and it previously raised less than $3 million before the current round. The team is about 60 people and plans to hire additional staff as it rolls out more debit and credit products. Management intends to expand into three other Latin American countries and scale the loan book from roughly $100 million toward a $2 billion target by building internal capabilities and infrastructure.

Total raised

$9M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2023