Contxto – Teamwork makes the dream work, or so they say. With mergers and acquisitions increasing throughout the Latin American startup ecosystem, it’s going to be interesting to see the synergy between Konsigue and CapitalTech.
Fintech entity CapitalTech from Monterrey recently acquired Mexican factoring startup, Konsigue. Following the acquisition, it will integrate into technological financial solutions and other assets to CapitalTech’s platform.
“With this acquisition, both Konsigue’s clients and other assets related to the operation of this segment are transferred to CapitalTech,” said Rubén Galindo, CEO of Capital Tech, in a recent press release.
“This will expand our portfolio of financial solutions and continue with the organization’s strategy to achieve 5-times more growth through innovation, positioning ourselves as the favorite Multiple Objective Financial Society (SOFOM) for growing SMEs in 2024.”
Konsigue offers services to both investors and businesses. From the investment standpoint, installments begin at 250 pesos, offering high profitability and versatility. That’s to say, investors have the freedom to choose which companies to endorse.
For businesses, Konsigue allows agile and low-cost factoring services to SMEs to improve cash flow as well as quick liquidity. Some of its products over the crowdfunding platform include OPM Line of Credit and Opportunity Masters. This helps Mexican importers and exporters manage foreign currencies.
“The great mission of Konsigue is still to democratize access to financing, only now we will do it much faster, and with a greater diversity of clients and needs,” said José Rivas.
“Our experience and experience participating in acceleration programs, competitions and various initiatives has led us to grow, and take the next steps in a big way.”
Previously, Konsigue also participated in acceleration programs like Startupbootcamp Fintech and Finnovista. Also, it has attended various international conferences and fintech entrepreneurship events. It represented the Mexican fintech sector at the 2018 Singapore Fintech Festival.
On the other hand, CapitalTech began in 2010 to promote the innovative convergence of financial and technology. Its main objective is to expedite the growth of Mexican companies via agile financial solutions.