Mexico-based Konfio has reportedly reached the unicorn status, after a $125m funding round brings its valuation to $1.3bn.
The funding round was led by UK-based investor Lightrock, with commitments also coming from existing Konfio investor SoftBank, according to a report from Bloomberg. The investment round was also backed by VEF and Tarsadia Capital.
With the fresh funds, the FinTech company is looking to build new products, and seek new strategic acquisitions.
Konfio, which is focused on companies in Latin America, makes it easier for underserved small companies to access working capital.
The FinTech company previously raised $100m for its Series D funding round, which was led by SoftBank.
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