YoFio
Founded Year
2019Stage
Seed VC - II | AliveTotal Raised
$10.28MMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+117 points in the past 30 days
About YoFio
YoFio focuses on providing financial solutions to support merchants and micro-entrepreneurs. The company offers loans to help businesses manage cash flow, pay suppliers, and restock inventory without interest. YoFio primarily serves the small business sector with its credit app. It was founded in 2019 and is based in Mexico City, Mexico.
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Expert Collections containing YoFio
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
YoFio is included in 3 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,677 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Digital Lending
2,271 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Fintech
13,396 items
Excludes US-based companies
Latest YoFio News
Mar 27, 2024
YoFio aims to reach a break-even point this year and expand services nationwide. Aiming to overcome the hurdles small merchants face in accessing formal credit, YoFio leverages technology to provide essential working capital, enhancing their financial opportunities. “Oikocredit shares our vision and values, pushing us to magnify our impact,” said Alberto Bonetti Frías, CEO of YoFio. The platform digitizes loan access through its website and mobile app, offering credit lines between MXN 7,000 and 200,000, and enabling payments to suppliers interest-free for 14 days. Currently serving over 2,700 businesses, YoFio targets those in the Valley of Mexico, Puebla, and Guadalajara, with at least a year of operations and verifiable income. As micro to medium enterprises seek growth, fintech solutions like YoFio play a crucial role in providing access to funds, technology, and resources, positioning businesses for competitive advantage. Discover the latest breakthroughs and insights in technology and entrepreneurship in latin america Subscribe By checking this box, you confirm that you have read and are agreeing to our terms of use regarding the storage of the data submitted through this form.
YoFio Frequently Asked Questions (FAQ)
When was YoFio founded?
YoFio was founded in 2019.
Where is YoFio's headquarters?
YoFio's headquarters is located at Avenida Santa Fe 505, Mexico City.
What is YoFio's latest funding round?
YoFio's latest funding round is Seed VC - II.
How much did YoFio raise?
YoFio raised a total of $10.28M.
Who are the investors of YoFio?
Investors of YoFio include G2 Momentum Capital, 500 Global, Oikocredit, Innogen Capital, Cauris Finance and 4 more.
Who are YoFio's competitors?
Competitors of YoFio include Apperto and 4 more.
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Compare YoFio to Competitors
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