About YoFio
YoFio is a Financial Services company based in Cuajimalpa De Morelos (Mexico) founded in 2019 by Oscar Javier Garavito Mendez, Victor Bermudez, and Alberto Bonetti. YoFio has raised $10 million across 2 funding rounds from investors including Cauris, Oikocredit and 500 Global. Its chief executive, as recorded, is Alberto Bonetti. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its competitors include Aplazo, Atrato and Kueski Pay; 2 of its 3 listed competitors have raised funding.
Company details
Online lending platform offering point-of-sale financing. It offers a microcredit application designed for purchases at informal corner stores. Its app uses machine vision AI technology to manage the lending process for micro and small businesses.
- Total Equity Funding$10M (USD)
in 2 rounds
- InvestorsCauris
& 4 more
Funding Insights of YoFio
YoFio has successfully raised a total of $10M across 2 strategic funding rounds. 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 $10M
- Total Rounds 2
- First Round $10M
(May 2024)
- Investors Count 5
All 2 funding rounds of YoFio with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2024 | $10M | Seed | – | Oikocredit | |
| May 2024 | Debt – Conventional | – | – | – |
5 investors in total: 5 institutional.
Investors in YoFio
YoFio has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Cauris, Oikocredit and 500 Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm investing in multiple sectors | oikocredit.coop | Amersfoort, Netherlands | ||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Innogen Capital is focused on early-stage tech investments in Latin America. | innogencapital.com | |||
| g2fintechfund.tcc.mode | ||||
Investment, credit risk, and debt financing solutions for businesses | 2021 | caurisfinance.com | Berkeley, United States |
Investor details for YoFio
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of YoFio
3 people are tracked at YoFio (3 in leadership).
| Name | Role | Group |
|---|---|---|
Oscar Javier Garavito Mendez | Co-Founder | Leadership |
Victor Bermudez | Co-Founder | Leadership |
Alberto Bonetti | Co-Founder & CEO | Leadership |
Complete people profiles for YoFio
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of YoFio
2 dated milestones of YoFio across 5 years, from founding to its latest funding, stage changes and deals.
- Founded YoFio is founded.
- Funding First funding round of $10.0M.
Competitors of YoFio
YoFio has 3 listed competitors in our database, 2 of them funded. They include Aplazo, Atrato and Kueski Pay.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| aplazo.mx | 2020 | Mexico | $77.25M | Installment financing is offered for online POS purchases. | ||
| atratopago.com | 2016 | Jalisco, Mexico | $2.83M | Consumer loans are facilitated via an online platform in Mexico. | ||
| kueskipay.com | 2018 | Guadalajara, Mexico | Online platform for point of sale financing |
Detailed competitors of YoFio
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Related news about Yofio
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Frequently Asked Questions about YoFio
YoFio was founded in 2019 and raised its 1st funding round 5 years after it was founded.
YoFio is headquartered in Cuajimalpa De Morelos, Mexico. It is registered at Cuajimalpa De Morelos, Ciudad De Mexico, Mexico.
Alberto Bonetti is the CEO of YoFio, as recorded in our data. They have also founded this company.
YoFio is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on May 2024.
Online lending platform offering point-of-sale financing. It offers a microcredit application designed for purchases at informal corner stores. Its app uses machine vision AI technology to manage the lending process for micro and small businesses.
YoFio's top competitors include Aplazo, Atrato and Kueski Pay.
YoFio has 5 investors. Key investors include Cauris, Oikocredit, 500 Global, Innogen Capital, and G2 Fintech Fund.