Fondo de Fondos
Av. Insurgentes Sur 863, Mexico City, Distrito Federal, 03810, Mexico
Overview
The roots of Fondo de Fondos begin in 1996, when Nacional Financiera took the first commitment in a private equity fund. In 2006, this institution, Focir, Bancomext and Banobras transfered their isolated commitments in 14 investment funds, with a total of 134 million dollars, to the recently created Fondo de Fondos. In 2006 Fondo de Fondos was created to manage the investments in private equity, through the transfer of the commitments in the 14 funds here above mentioned. The main objective of Fondo de Fondos is to generate attractive risk-adjusted return, and to promote the private equity industry in Mexico. Since its creation, Fondo de Fondos has implemented a strategic plan to manage third party capital under international best practices, creating unique benchmarking databases in the industry, recruiting recognized experts, and constantly training its founding team. Nowadays, it manages commitments of more than 700 million dollars; 10% of the total comes from third party institutional investors that have decided to trust in the team’s experience and expertise.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Clip
Participated · Series A · Dec 2015
Founded in 2012, Clip built its business helping cash-reliant merchants accept card payments and has since expanded into software, loans and business management tools. The company is launching a consumer digital wallet—developed with Ant International, Mastercard and TelevisaUnivision—to give users digital accounts for daily payments, banking services and credit products. Clip plans to scale its cash-onramp network from 28,000 to 100,000 deposit points to bring more consumers into the formal financial system. Management says the product targets cash users and small merchants to drive inclusion in a market where many small purchases remain cash-based. Financially, Clip has attracted large strategic and financial backers over time, including a $250 million SoftBank-led round in 2021 and a $100 million Morgan Stanley Tactical Value investment in June 2024, and was valued above $2.5 billion in the current raise.
- YellowPepper
Participated · Series C · Feb 2015
YellowPepper provides a digital finance platform that enables consumers, merchants, issuers and processors to manage and accept cashless payments. Its proprietary technology powers 480 million digital transactions annually, serves over 6.6 million monthly active users and connects more than 400,000 merchants across six countries. The company works with more than 60 clients, including major financial institutions and retailers in Latin America. YellowPepper plans to accelerate the momentum of its platform and build a robust regional ecosystem to simplify interacting with, managing and accepting cashless payments. To support that expansion it announced a $12.5M Series D with participation from Visa and current investors. FT Partners served as YellowPepper's exclusive strategic and financial advisor. YellowPepper recently launched Yepex, pitched as Latin America’s "mobile smart wallet," and focuses on mobile payments across Android and iOS. Yepex lets users store multiple debit and credit cards and transact using unique tokens communicated manually, via HCE, or QR codes so sensitive card data is not exposed. The tokenization approach removes the need for NFC-capable phones and is designed to drastically reduce card-not-present fraud, enable card-and-PIN-less ATM withdrawals, and support retail use cases like pre-ordering and express checkout. The company claims over five million customers, more than 30 million transactions per month, and an 85% market share in LatAm. Banamex ran a controlled pilot and will launch a beta with users and merchants in Mexico. The latest proceeds will be dedicated mainly to Yepex’s development and commercialization, and the company has raised $34 million to date. YellowPepper provides an open-architecture mobile payment platform that lets consumers store value, pay for goods, and transfer or withdraw funds using mobile phones. The company focuses on scaling mobile money deployments to increase financial inclusion, particularly among unbanked populations. YellowPepper said the USAID/HIFIVE grant will let it expand a successful pilot in Haiti and help build a vibrant, safe, accessible payment ecosystem there. The firm is an integral partner in TchoTcho Mobile, Haiti’s first mobile money offering, delivered in partnership with Scotiabank and Digicel. Founded in 2004 and based in Miami, YellowPepper operates in nine countries and reports over 2.5 million users. The company is also the recipient of the IFC/World Bank’s first equity investment in a mobile financial services company in Latin America. YellowPepper is a mobile banking company operating in eight Latin American countries. It offers mobile banking services and is developing a clearinghouse for mobile payments to enable subscribers, retailers, billers, consumers and banks to interact on a common platform via mobile phones. The company has more than 2 million active users. Founded in 2004, YellowPepper will use the $5M equity investment led by the International Finance Corporation (IFC), which committed $3M, to further develop its product and expand into new markets. The financing brings total capital raised to date to over $15M. The company currently offers services in Colombia, Peru, Ecuador, Guatemala, Dominican Republic, Bolivia, Haiti and Panama.
Team
No current team members are available.