Konvex secures $700K for market expansion

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Colombian startup Konvex secured $700K in a funding round led by 500 Global and Parallel18. Avalancha Ventures, Adriel Araujo, Ivan Peña, Fernando Cabello-Astolfi, Ricardo Ortiz, Luis Barrios, and Mauricio Suarez also contributed to the funding.

Konvex will use the funds to expand its operations in Colombia and enter new markets across Latin America.

Konvex provides a platform for SMEs to streamline accounting reconciliation processes through a unified API. The platform leverages AI to generate insights for financial analysis.

The startup has processed over 500,000 transactions in accounting reconciliations, helping over 80 regional e-commerce stores.

Read more at Contxto

Camila is a consultant working with Latin American public and private sectors and media to promote social innovation initiatives and multi-stakeholder collaborations. Currently, she is on the brink of completing her Master’s Degree at LSE.

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