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# Mexican BNPL B2B startup Kontempo raises over $30 million in funding
- URL: https://www.techloy.com/mexican-bnpl-b2b-startup-kontempo-raises-over-30-million-in-funding/
- Published: 2022-08-05T07:30:03.000Z
- Updated: 2022-12-07T22:13:46.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Mexico

[Kontempo,](https://www.kontempo.io/) a Mexico-based buy-now-pay-later (BNPL) B2B startup providing payment solutions for businesses in LatAm, has raised $31.5 million in its seed round funding led by Portage, a VC firm based in Canada. 

- The fund was raised in a mix of debt and equity, with $25 million for debt financing, and $6.5 million in equity.
- Kontempo offers an integrated payment solution for B2B e-commerce in Latin America, enabling companies to provide their clients with BNPL payments and interest-free instalments.
- The eight-month-old fintech has Antonia Marino formerly at Uber Mexico, Matthew Meehan formerly at Merrill Lynch, and Kwesi Steele formerly at Google as partners.
- Scor P&C Ventures, Upper90, Ignia, Tectonic Ventures, and Asymmetric Capital Partners invested in the round.