Mango Raises $3M to Fix Construction Industry Cash Flow Issues in Mexico
Mexican FinTech Mango secures $3M to streamline construction cash flow with embedded credit, real-time payments, and risk-managed lending.
Mango Secures Fresh Funding to Support Construction Sector
Mexican FinTech startup Mango has raised $3 million to solve ongoing cash flow issues in Latin America’s construction industry.
The startup, launched in 2022, delivers a digital platform tailored for contractors and suppliers managing complex procurement and payment workflows.
This construction cash flow challenge is significant, often delaying projects and straining relationships between builders, suppliers, and financiers.
The recent round was led by Ironspring Ventures, with participation from Brick & Mortar Ventures, Great North Ventures, and several others.
Notably, BBVA Spark extended a credit facility to help Mango scale its operations more effectively across Mexico.
A Purpose-Built Platform for Construction Finance
Mango’s platform offers embedded credit and real-time B2B payment tools integrated directly into procurement workflows.
Contractors and suppliers can access structured credit lines instantly, speeding up payments and reducing financial friction on project sites.
Its construction cash flow solution is powered by a proprietary risk engine that supports underwriting and fraud detection in real time.
The system evaluates bank data, documents, and transaction patterns to deliver fast, data-backed lending decisions.
This approach significantly reduces delays in procurement cycles and helps suppliers receive payments faster, which is vital in the construction sector.
Backing from Strategic and Industry-Aligned Investors
Ironspring Ventures general partner Ty Findley emphasized the importance of robust financial infrastructure amid growing nearshoring trends in Mexico.
He stated that Mango’s solution supports on-time, on-budget projects by improving transparency between construction firms and vendors.
Other investors included Buildtech Ventures, Incisive Ventures, and First Check Ventures, alongside angels like Runa CEO Courtney McCoulgan.
Also contributing was Solvento CEO Jaime Tabachnick, highlighting strong ecosystem interest from other Latin American FinTech leaders.
The construction cash flow problem affects both public and private development projects, making Mango’s model widely relevant.
Expansion Plans and Market Position
With new funding secured, Mango plans to expand its contractor and supplier network throughout Mexico in the coming months.
The company also aims to grow its internal teams in engineering, finance, and risk management to support this scale-up.
Because many contractors still rely on manual processes, Mango’s platform introduces automation and efficiency into legacy financial workflows.
This construction cash flow innovation is especially timely as Mexico strengthens its role as a nearshoring and industrial logistics hub.
Mango’s ability to embed financial services where they’re most needed gives it an edge in a largely underserved market.
Building Trust in a High-Risk Sector
Construction projects are notorious for delays, payment gaps, and trust issues between stakeholders.
Mango addresses these issues by offering a transparent, real-time financial backbone for the construction industry.
Through its growth, the company seeks to become a foundational layer in Latin America’s building economy.
Its construction cash flow tools not only ensure financial stability but also build long-term trust within fragmented supply chains.
By simplifying access to credit and payment execution, Mango is helping projects stay on track and within budget.
