Participated · Equity · Jan 2024

Konvex provides a platform for automating financial and accounting processes, with a particular focus on accounting reconciliations for e-commerce and other businesses. The company has processed over 500,000 reconciliation transactions and is used by more than 80 e-commerce stores. Konvex reports having reconciled over $5 million across five countries in Latin America, reflecting cross‑border usage and scalability. Its stated strategy is to leverage existing integrations for efficient operational scaling while initially concentrating on transforming financial and accounting workflows in Colombia and the wider Latin American region without immediate geographic expansion. Konvex positions itself within the open finance movement and aims to become a global solution in the financial and accounting sector. The recent $700K financing is expected to fuel its efforts to revolutionize financial and accounting processes and to propel growth and influence in the proptech/fintech space.