Yofio Secures 10m Investment To Support Mexican Microbusinesses
YoFio aims to reach a break-even point this year and expand services nationwide.
Aiming to overcome the hurdles small merchants face in accessing formal credit, YoFio leverages technology to provide essential working capital, enhancing their financial opportunities. “Oikocredit shares our vision and values, pushing us to magnify our impact,” said Alberto Bonetti Frías, CEO of YoFio.
The platform digitizes loan access through its website and mobile app, offering credit lines between MXN 7,000 and 200,000, and enabling payments to suppliers interest-free for 14 days. Currently serving over 2,700 businesses, YoFio targets those in the Valley of Mexico, Puebla, and Guadalajara, with at least a year of operations and verifiable income.
As micro to medium enterprises seek growth, fintech solutions like YoFio play a crucial role in providing access to funds, technology, and resources, positioning businesses for competitive advantage.
