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YoFio provides mobile microcredit for grocery purchases at local stores in Mexico.
Founded in 2019 and based in Mexico City, Fresh Lending develops YoFio, an app that offers microcredit for purchases at corner stores. Customers can borrow MXN 350 to MXN 1,850 and repay within thirty days; shopkeepers can register their stores and receive MXN 100 per client. In February 2024, YoFio raised Seed funding led by Oikocredit, with 500 Global, Innogen Capital Ventures, and G2 Momentum Capital participating.
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