Konvex Secures $700K for Proptech Expansion in Colombia

The company, focusing on real estate technology with a digital emphasis, aims to exceed annual sales of one million dollars and expand into at least 10 new markets.
Konvex Secures $700k For Proptech Expansion In Colombia
Konvex Founders

Joan Rodríguez, CEO of Konvex, expressed the company’s ambition to become a global solution, leveraging existing integrations for efficient operational scaling and market expansion without the need to open new countries initially. The recent funding provides solid backing for Konvex’s mission to transform the financial and accounting landscape in Colombia and Latin America.

Konvex’s investment round drew support from accelerators like 500 startups and Parallel18, venture capital funds such as Mexico’s Avalancha Ventures, and international angel investors like Adrial Araujo (CEO of Hackmetrix), Ivan Peña (former JP Morgan executive), Fernando Cabello (CEO of Devengo.com), Ricardo Ortiz (Founder of Siigo), Luis Barrios of Arkfund and Payments Way, and Mauricio Suarez (VP Sales of Stockpress).

The startup has processed over 500,000 transactions in accounting reconciliations, impacting more than 80 e-commerce stores, and has reconciled over $5 million across five countries in the region. Rodríguez emphasized Konvex’s commitment to innovation and playing a key role in the open finance revolution in Latin America. The funding will enable Konvex to further its growth and influence in the proptech sector, positioning it for success in the global market.

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