Asian lender Konfio has secured a $100m credit facility from Goldman Sachs while Indian start-up YeLo has announced a seed funding round as fintechs seek to capitalise on opportunities within the Latin American and Mexican markets. Konfio is looking to increase the size of loans it provides to small and medium-sized enterprises. Nilesh Agarwal, founder of YeLo owner FinHealth Group, said the digital bank aims to provide finance to a market of between INR80m ($1.1m) and INR100m, comprising small companies, such as food delivery platforms and taxi firms, as well as gig economy workers.
Mexican lender Konfio has secured a $100m credit facility from Goldman Sachs while Indian start-up YeLo has announced a seed funding round as fintechs seek to capitalise on opportunities within the Latin American and Asian markets. Konfio is looking to increase the size of loans it provides to small and medium-sized enterprises. Nilesh Agarwal, founder of YeLo owner FinHealth Group, said the digital bank aims to provide finance to a market of between INR80m ($1.1m) and INR100m, comprising small companies, such as food delivery platforms and taxi firms, as well as gig economy workers.