Kontempo, 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.