Kontempo, the Mexico-based, buy-now-pay-later (BNPL) fintech, recently raised over $30 million in a seed round led by Portage Ventures. It was funded with $25 million in debt and $6.5 million in equity. SCOR P&C Ventures, Upper90, Asymmetric Capital Partners, Tectonic Ventures, and IGNIA Partners were additional participants in the round. For Latin American B2B business, Kontempo offers embedded payment and financing solutions, including its core offering of interest-free BNPL installment solutions to B2B clients. The new funding will go toward expanding its staff, expanding its merchant network, and advancing its technology.
BNPL Fintech Kontempo Closes $30M Seed Round