Debt Financing Funded Startups in Mexico
Debt financing deals in this Mexico-focused snapshot concentrate heavily around a single outlier: Kavak’s $810M debt round (2022-09-20) is far above the ne…
Debt financing deals in this Mexico-focused snapshot concentrate heavily around a single outlier: Kavak’s $810M debt round (2022-09-20) is far above the next-largest disclosed amount, Nelo’s $100M (2022-10-19) and Stori’s $100M (2022-07-15), while most other disclosed rounds sit between $2M and $50M (for example, Uellbee at $2M on 2022-08-12 and Clip at $50M on 2022-09-06). The geography is also tightly clustered, with 13 of 14 entries headquartered in Mexico City (including Mexico City, Distrito Federal for Nelo, Kavak, Clip, Stori, and others), while Mérida appears once (Macropay at $8M on 2022-10-17). Temporally, the 14 most recent rows span from 2021-08-09 (Aplazo) to 2022-10-19 (Nelo), and multiple rounds cluster in mid-to-late 2022, especially September (Kavak 2022-09-20, Clip 2022-09-06). Sector-wise, financial services is the most represented vertical in this list, appearing in 5 of 14 companies (Macropay, Uellbee, Kontempo, Arrenda, Konfio, plus Atrato at $15M on 2021-09-02 brings total to 6 of 14), with commerce and shopping and apps following at 4 of 14 each.
Most recent rounds
14 shownRelated listings
Frequently asked
What’s the largest disclosed debt round here, and how does it compare to the rest of the list?
Kavak’s $810M debt round on 2022-09-20 dwarfs the remaining disclosed amounts; the next-largest disclosed rounds are $100M for Nelo (2022-10-19) and $100M for Stori (2022-07-15), with most other disclosed rounds below $50M (for example, Clip at $50M on 2022-09-06 and Fairplay at $20M on 2022-01-18).
Do the entries cluster in a particular city, or is Mexico City only one of several hubs?
Mexico City dominates the geography: 13 of 14 companies are listed in Mexico City, Distrito Federal (including Nelo, Kavak, Clip, Stori, Fairplay, and others), while Mérida appears once with Macropay’s $8M round on 2022-10-17.
Which sectors are over-represented among the 14 companies shown?
Financial services appears most often, with 6 of 14 companies in that vertical (Macropay $8M on 2022-10-17, Uellbee $2M on 2022-08-12, Kontempo $25M on 2022-08-04, Arrenda $25M on 2022-07-20, Konfio $10M on 2022-05-19, and Atrato $15M on 2021-09-02). Apps, commerce and shopping, and hardware are each less concentrated in comparison (apps and commerce and shopping are 4 of 14 each; hardware is 1 of 14 with Auronix at $14M on 2022-08-23).
Are there any notable temporal clusters among the most recent debt rounds?
Yes. September 2022 shows multiple closes: Kavak ($810M) on 2022-09-20 and Clip ($50M) on 2022-09-06 are both in that month, and late 2022 continues with Nelo ($100M) on 2022-10-19 and Macropay ($8M) on 2022-10-17. Earlier dates run back to 2021-08-09 (Aplazo $10M).
Which round looks most like a low-end outlier, and how far below the rest is it on disclosed amounts?
Uellbee’s $2M debt round on 2022-08-12 is the smallest disclosed amount in the 14 rows, and it sits well below the next-lowest disclosed figures such as Konfio at $10M (2022-05-19) and Aplazo at $10M (2021-08-09).
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