Mexico: Swiss Microfinance Startup KiWi Raises EUR 2.8 Million to Give Credit to More Entrepreneurs
KiWi has raised a EUR 2.8 million Series A round to accelerate its growth in Mexico and open new markets in the region. The Swiss venture capital funds Investiere, and Polytech Ventures led the round, along with Swiss impact funds Symbiotics and 1to4 Foundation.
Based in Lausanne, KiWi is one of the fintech companies working on this challenge, offering microfinance solutions in Mexico since the startup was founded in 2015. Today, 20,000 micro-entrepreneurs all over Mexico use KiWi’s app to accept electronic payments, get microloans, and manage their sales directly from their phones.