About Fondeadora
Fondeadora is a company based in Mexico City (Mexico) founded in 2011.. Fondeadora has raised $33.03 million across 5 funding rounds from investors including Portage, Gradient Ventures and Y Combinator. Fondeadora offers products and services including Business Debit Account and Personal Debit Account. Fondeadora operates in a competitive market with competitors including TransferMex, AFIX and Fortinet Financial Servcies, among others.
- Headquarter Mexico City, Mexico
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Fondea Technologies, S.A. De C.V., S.F.P.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$33.03 M (USD)
in 5 rounds
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Latest Funding Round
$14.91 M (USD), Series A
Mar 16, 2021
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Investors
Portage
& 11 more
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Employee Count
Employee Count
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Products & Services of Fondeadora
Fondeadora offers a comprehensive portfolio of products and services, including Business Debit Account and Personal Debit Account. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Debit account and card for business financial transactions and management
Debit account and card for individual banking and daily expenses
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Funding Insights of Fondeadora
Fondeadora has successfully raised a total of $33.03M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $14.91 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series A — $14.9M
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First Round
First Round
(05 Mar 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series A - Fondeadora | Valuation | Gradient Ventures , Y Combinator | |
| Aug, 2020 | Amount | Series A - Fondeadora | Valuation | Gradient Ventures | |
| Jun, 2020 | Amount | Seed - Fondeadora | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fondeadora
Fondeadora has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Portage, Gradient Ventures and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fondeadora
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fondeadora
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fondeadora Comparisons
Competitors of Fondeadora
Fondeadora operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TransferMex, AFIX and Fortinet Financial Servcies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Helps workers receive payments and send money to Mexico securely.
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| domain | founded_year | HQ Location |
Delivers digital financing solutions tailored for small and medium-sized enterprises.
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| domain | founded_year | HQ Location |
Operates as an internet-first bank offering digital financial services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fondeadora
Frequently Asked Questions about Fondeadora
When was Fondeadora founded?
Fondeadora was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Where is Fondeadora located?
Fondeadora is headquartered in Mexico City, Mexico.
Is Fondeadora a funded company?
Fondeadora is a funded company, having raised a total of $33.03M across 5 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 05, 2019.
What does Fondeadora do?
Fondeadora was established in 2011 in Mexico City, Mexico, as an internet-first bank targeting retailers within the financial services sector. Operations are conducted through partnerships with established banks. A prepaid card and mobile application are offered to facilitate access to core functions. The platform supports money transfers, online and offline purchases, and digital banking features. Compatibility is ensured for iOS and Android devices.
Who are the top competitors of Fondeadora?
Fondeadora's top competitors include TransferMex, AFIX and Fortinet Financial Servcies.
What products or services does Fondeadora offer?
Fondeadora offers Business Debit Account and Personal Debit Account.
Who are Fondeadora's investors?
Fondeadora has 12 investors. Key investors include Portage, Gradient Ventures, Y Combinator, Scott Belsky, and Sound Ventures.