kontempo

Kontempo is a B2B payments and credit platform specifically designed for Mexico's industrial sector. Founded in 2021 and headquartered in Miguel Hidalgo, Mexico City, the company provides embedded finance solutions that enable wholesalers, manufacturers, and distributors to offer flexible payment terms to their business customers. The platform operates as a Payments, Credit, and Collections (PCC) system that allows suppliers to launch branded credit programs for their clients without absorbing additional financial risk or requiring additional capital. Kontempo's software facilitates buy now, pay later arrangements for B2B transactions, offering credit lines ranging from $100,000 to $10 million with payment terms extending up to 90 days. The platform leverages advanced API integrations and AI-driven risk models to automate credit approval processes, typically processing applications in under 24 hours. Target customers include industrial suppliers in sectors such as plastics, chemicals, concrete, and glass, who previously lacked modern software solutions for credit and collections management. Suppliers receive payment immediately while buyers gain access to working capital to purchase inventory and manage cash flow. The company was co-founded by Matthew Meehan (CEO), Antonia Marino (COO), and Kwesi Steele, with backing from Polymath Ventures as a venture-built company. Kontempo has raised approximately $32.7 million in total funding, including a $25 million debt financing round in August 2022 from investors including Portage, IGNIA, Upper90, Tectonic Ventures, and MS&AD Ventures. The legal entity operates as Kontempo México Ops S.A.P.I. de C.V. and maintains its registered office at Calzada General Mariano Escobedo 595 in the Miguel Hidalgo district.