KredFeed closes $1.5M seed round to oost manufacturing SME financing
KredFeed, a Fintech platform specializing in financing for small and medium-sized enterprises (SMEs) in the manufacturing sector, announced the successful closure of a $1.5 million Seed funding round. The investment will enable the company to strengthen its technology and expand its operational capacity to support more businesses looking to join emerging supply chains driven by the nearshoring trend.
The funding round included participation from Carabela, Techstars, 2045 Ventures, The Pitch Fund, AngelHub, Newlin Ventures, and Cacao Capital, along with key strategic investors such as Jeremy Brown, Chairman of the Small Business Financing Association; Alec Randall, former Chief Growth Officer at Sivo; and Sahari Cabello, Head of Credit Strategy at Spin. Additionally, GAIN, a previous investor in KredFeed, reaffirmed its confidence in the company by participating in this round.
Supporting SMEs in the era of nearshoring
The rise of nearshoring has increased the demand for financing among SMEs aiming to integrate into the supply chains of large corporations. In Mexico, this segment faces significant financial challenges: 77% of SMEs lack access to credit products, and 97% have never used factoring services. Furthermore, many of these businesses operate with payment terms of up to 180 days, which restricts their cash flow and growth potential.
KredFeed aims to close this gap with fast and transparent financing solutions, helping SMEs maintain healthy cash flow and secure their participation in international markets.
"With more multinational companies setting up production plants in Mexico, local SMEs need financial solutions tailored to their reality. This funding round will allow us to scale our financing solutions, ensuring these businesses can operate without liquidity and working capital risks, regardless of the payment terms imposed by large corporations," said Luis Jorge Sánchez, CEO and co-founder of KredFeed.
Expansion and growth plans
With this investment, KredFeed will strengthen its engineering and product teams to improve the user experience and expand its network of strategic partnerships with B2B platforms and other Fintech companies. The company also plans to implement new machine learning models and advanced risk analysis tools to streamline the credit evaluation and approval process.
In the medium term, KredFeed aims to expand operations into the United States and establish itself as the leading financing platform for manufacturing SMEs. To date, KredFeed has financed over $400 million MXN in receivables for Mexican SMEs and operates in a market with significant growth potential.
Mexico has over 600,000 manufacturing companies, generating more than $304 billion annually. KredFeed aims to strengthen its presence in this sector with specialized financing solutions tailored to the specific needs of supply chains.
Strategic support for growth
The backing from experienced investors in finance, technology, and credit strategies reinforces KredFeed's vision of becoming a key player in transforming access to credit for SMEs in Latin America.
"KredFeed has been a vital partner in helping us stay competitive and continuously grow. From securing new accounts to managing working capital, it has been a crucial strategic ally," said Alfonso Garibay, a KredFeed client.
By combining technological innovation with a specialized focus on the manufacturing sector, KredFeed continues to develop solutions that enable SMEs to access financing more efficiently, reduce approval times, and improve their financial stability.