Kontempo is an embedded finance platform that was founded in December 2021. It provides a unique solution for suppliers to extend credit to buyers without the inherent default risk. The platform uses a "Buy Now, Pay Later" (BNPL) model for B2B transactions, offering an alternative form of payment that enhances sales conversion, increases average order value, and fosters customer loyalty. By filling the significant financing gap for SMEs in Mexico and Latin America, Kontempo is leveraging an expanding market.
The platform simplifies the typically cumbersome process of net terms, making it more seamless by integrating with existing sales channels through its API. This shifts the credit underwriting process from the supplier, outsourcing risk analysis and collections.