MEXICO – Finkargo, a Mexico City, Mexico-based provider of an international trade platform empowering small and medium-sized businesses (SMBs) with global sourcing, trade services and embedded financing, raised $20M in Series A funding.
The round was led by QED Investors, with participation from new investor Nazca and existing investors Quona, Flybridge, Maya, and ONEVC.The company intends to use the funds to accelerate its growth in Mexico to expand the offering beyond trade financing into an integrated suite of trade services, including supplier sourcing, product verifications, cargo insurance, foreign exchange, and international trade data intelligence.Founded in 2021 by Santiago Molina, Andres Ferrer, and Tomas Shuk, Finkargo is an international trade platform dedicated to empowering international sourcing for small and medium-sized businesses in Latin America (LATAM) by providing comprehensive trade solutions, ranging from verifying suppliers and shipments to providing cargo insurance and trade financing. The platform uses proprietary trade data to analyze supply chains and tailor solutions to each importer’s needs. Finkargo has served over 250 customers and extended their financial support to over 2,000 import operations. Its network has 430 suppliers spanning 40 countries.06/11/2023
