Mango
Mango is a Mexican B2B SaaS fintech that connects construction companies with building-materials distributors and administers 30/60/90-day commercial credit lines, monetizing via distributor subscriptions, per-transaction commissions and credit-related fees.
- Company typePrivate
- Founded2022
- HeadquartersMonterrey, Mexico
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Mango does
Mango (legal entity Tecnologías Morales Angelini, S.A.P.I. de C.V., operating as Mango and Mangxo) is a Mexican B2B fintech-SaaS company, founded in 2022 and headquartered in San Pedro Garza García, Nuevo León, that connects construction companies ('constructores') with building-materials distributors across Mexico and administers short-term commercial credit between the two parties. Its core product is a web and mobile platform (mangxo.com and app.mangxo.com) that provides a 'Línea de crédito comercial' offering net-30/60/90-day buy-now-pay-later procurement of materials, backed by a KYC/PLD and commercial-risk-scoring engine, biometric third-party identity verification, NOM-151-SCFI-2016-compliant electronic evidence, and OTP-based electronic signatures. A public Directorio (directorio.mangxo.com) aggregates more than 50 allied distributors across cemento, varilla, eléctrico and acabados categories, functioning as both a discovery layer and a network-effect anchor.
Mango deliberately operates as a non-bank 'plataforma tecnológica' rather than a SOFOM or ITF, monetizing primarily through a paid distributor SaaS subscription, per-transaction 'Operación Protegida' technology commissions charged to distributors, and credit-related fees on overdue balances (a 2.0% monthly moratory rate plus VAT and a 3% collection-expense fee). In 2025 the company closed a $3 million seed round led by Ironspring Ventures with participation from Brick & Mortar Ventures, Buildtech Ventures, First Check Ventures, Great North Ventures and Incisive Ventures, and in February 2026 announced a strategic banking partnership with BBVA Spark. The platform currently runs on a 1–10 person team and serves a market in which over 95% of Mexico's construction economic units are micro, small or medium enterprises with limited access to formal credit, a structural fragmentation that the company is explicitly built to address.
Mango firmographics
Firmographics- Name
- Mango
- Legal name
- Tecnologías Morales Angelini, S.A.P.I. de C.V.
- Website
- https://mangxo.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Mango is a Mexican B2B SaaS fintech that connects construction companies with building-materials distributors and administers 30/60/90-day commercial credit lines, monetizing via distributor subscriptions, per-transaction commissions and credit-related fees.
- Ownership category
- akta.pro rank
Where Mango is headquartered
LocationHeadquarters
- HQ city
- Monterrey
- HQ country
- Mexico
- HQ region
- Latin America
Offices1 record
Markets served
Mango business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations, Others
Revenue model
- Distributor SaaS subscription (Cuota de Suscripción): Recurring subscription fee paid by distributor profile users for the SaaS license, platform maintenance and access to management tools. Public website navigation and the public Directorio are free; the paid Distributor tier is the primary recurring revenue lever.
- Per-transaction technology commission from distributors: Commission charged to distributors for each validated 'Operación Protegida' — covering operational validation, fraud prevention and registration of the protected transaction. Mapped to Mango's own CFDI for services rendered (not to the underlying goods sale).
- Late-payment interest (intereses moratorios) from constructors: 2.0% monthly moratory rate + VAT applied to overdue balances from constructor customers after net-30/60/90 terms expire, monetizing credit risk on accounts receivable acquired in the platform.
- Collection-expense fees (penas convencionales / gastos de cobranza): One-time collection charge starting at 3% on the past-due balance, plus contractual penalties on default, applied when a constructor customer misses payment.
- Seed capital (equity): Raised $3 million in seed funding in 2026 to scale the platform; capital is funding growth rather than operational revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Distributor SaaS subscription (paid tier) |
| Outcome Based/ Performance | Pay-as-you-go | Constructor commercial credit (buy-now-pay-later on materials) |
| Freemium | — | Public / free tier |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Mango product offering
Product offeringCore offering
Mango is a B2B SaaS platform that connects Mexican construction companies (constructores) with building-materials distributors, centralizing purchasing, accounts payable administration, and short-term commercial credit (30/60/90 day net terms). It provides KYC/PLD verification, electronic contracting and NOM-151-compliant digital evidence for each B2B transaction, and operates a public distributor directory with 50+ allied suppliers. Mango explicitly positions itself as a technology platform, not a bank, SOFOM, or financial institution.
Product overview
Mango is a B2B platform-plus-modules SaaS, operated by Tecnologías Morales Angelini, S.A.P.I. de C.V. (mangxo.com), that connects construction companies (constructores) with building-materials distributors across Mexico. The core Mango platform (web app at app.mangxo.com) provides a KYC-verified customer dashboard, an exclusive commercial credit line (Línea de crédito comercial) for constructors with payment terms of 30 to 90 days, and digital contracting/evidence tooling. Add-on modules include the Directorio Mango (a public distributor directory at directorio.mangxo.com listing +50 allied distributors such as Harmak, Tumatsa, PPA, Miller, and Electroabastos) and a paid Distribuidor SaaS subscription that bundles operational validation, fraud prevention, and 'Operación Protegida' registration services. Mango explicitly positions itself as a technology platform, not a bank, SOFOM, or financial institution.
Differentiator
Problem solved
Functional benefit
Products and services
- Mango Platform (core B2B SaaS) B2B SaaS platform that connects construction companies (constructores) with building-materials distributors in Mexico, centralizing purchasing, accounts payable administration, and commercial credit (30–90 day terms) between the two parties. Delivered as a web application at app.mangxo.com.
- Directorio Mango Public distributor directory module that lists allied building-materials distributors (cement, rebar, electrical, finishes, plumbing, etc.) that accept Mango commercial credit, enabling constructors to discover and transact with vetted suppliers across Mexico.
- Línea de Crédito Comercial Mango Commercial credit line exclusively for constructors to buy materials from Mango-network distributors and pay later; payment terms of 30 to 90 days, 0.0% ordinary annual interest if paid on time, with moratory interest of 2.0% monthly plus IVA and a collection-fee penalty starting at 3% on overdue balances.
- Customer Dashboard / Mango App Authenticated web application for constructors and distributors to manage accounts, register B2B transactions, validate 'Compra Protegida' / 'Operación Protegida' operations, and access digital evidence (proof of delivery, OTP-signed records).
- Distribuidor SaaS Subscription Paid SaaS subscription for distributor profile users covering the connectivity license, operational validation, fraud prevention, and 'Operación Protegida' registration services, plus a per-transaction technological-service commission charged to distributors for each validated transaction.
Quantifiable outcome
- $3M seed capital raised in 2026
- +4 more outcomes
Companies that use Mango
Customer profileNamed customers10 records
Segments2 records
Ideal customer profiles2 records
Mango technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability8 records
Feature5 records
Mango partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- HarmakcoreElectrical / construction-materials distributor signed into the Mango network; its commercial director, Mauricio Guerra, is featured in Mango Instagram content. Extends Mango's commercial credit terms to its own constructor customers.
- TumatsacoreDistributor partner highlighted in Mango's Instagram content as having 'transformed its sales' with Mango; serves as an example distributor in the public-facing marketing.
- PPAcoreDistributor of plafones and finishes featured in Mango's 'mejores distribuidores' Instagram content as part of the network.
- ElectroabastoscoreElectrical-materials distributor listed in the public Mango Directorio of more than 50 Mexican distributor allies.
- GamacoreConstruction-materials distributor listed in the public Mango Directorio.
- GetsacoreConstruction-materials distributor listed in the public Mango Directorio.
- InnovacoreConstruction-materials distributor listed in the public Mango Directorio.
- MecasacoreConstruction-materials distributor listed in the public Mango Directorio.
- MillercoreConstruction-materials distributor listed in the public Mango Directorio.
- Surtidor EléctricocoreElectrical-materials distributor listed in the public Mango Directorio.
- Amazon Web Services (AWS)coreCloud infrastructure provider listed in the Aviso de Privacidad as an 'Encargado' (data processor) hosting the Mango platform; supports encrypted storage of B2B and KYC data, with primary data residency in the United States.
- Google CloudcoreCloud infrastructure provider identified alongside AWS as a data-processing vendor for the Mango platform, used to host the SaaS application and supporting services.
- Meta (Facebook / Instagram / WhatsApp)coreAdvertising and measurement partner used by Mango for paid campaigns, conversion attribution and remarketing (Meta Pixel); also a recipient of personal data transfers for ad-tech purposes with user consent.
- LinkedInminorUses the LinkedIn Insight Tag and LinkedIn Ads as a paid-marketing and remarketing channel for B2B audience targeting.
- Buró de Crédito (and other credit bureaus)coreSociedad de Información Crediticia used to consult and report constructors' and distributors' credit history and payment behavior, as part of Mango's KYC / commercial-risk scoring process.
- Specialized KYC / biometric verification providerscoreThird-party biometric and KYC vendors used to verify identity, facial features and fingerprints; Mango does not store raw biometric templates, only documentary evidence of the result.
- SAT, UIF, IMSS and other Mexican authoritiescoreRequired data-transfer recipients: Mango shares personal and commercial data with Mexican tax (SAT), anti-money-laundering (UIF), social-security (IMSS) and judicial authorities to comply with legal and regulatory obligations, including KYC and PLD.
Scale indicators7 records
Recent moves11 records
Expansion highlights6 records
Mango competitors and assessment
Company assessmentBroad incumbents
- Konfío: Mexican SMB lending and payments platform offering working-capital credit lines and business banking to small and medium enterprises. Highly comparable to Mango because it targets the same underbanked MSME segment with embedded credit, but operates horizontally rather than construction-vertical.
- Clara: Mexico-based B2B spend management and corporate-card platform extending credit to companies for vendor payments. Comparable to Mango as a B2B credit-rails competitor in Mexico serving SMBs, though focused on corporate cards rather than construction-vertical trade credit.
- Stori: Mexican consumer and small-business credit-card fintech serving underbanked Mexicans and MSMEs with revolving credit. Comparable to Mango as a Mexico-based credit fintech addressing underserved borrowers, though primarily consumer-side rather than B2B construction supply-chain.
- Credijusto (now Cleri): Mexican fintech historically focused on SMB lending and now operating as Cleri under AcreSeller. Comparable to Mango as a Mexican SMB-credit competitor, though targeting broader SMB segments rather than construction-vertical trade receivables.
Emerging players
- Tribal: LatAm B2B fintech offering credit cards and working-capital lines to SMBs, with strong presence in Mexico. Comparable to Mango as a B2B embedded-credit player targeting similar SMB pain points, but horizontally positioned across multiple verticals.
- Kapital: Mexico-based SMB banking and credit platform combining working capital, treasury and payments for small and medium businesses. Comparable to Mango as a Mexico SMB fintech stack with embedded credit, although oriented to general SMB rather than construction materials.
- Koop Technologies: US-based insurtech and risk-management platform purpose-built for the construction and contractor-services vertical, including contractor verification and risk data. Comparable to Mango as a verticalized risk/data infrastructure layer for construction B2B, though on the insurance rather than credit side.
Regional players
- Jeeves: LatAm cross-border B2B payments and credit-card platform serving SMBs across multiple countries including Mexico. Comparable to Mango as a LatAm B2B credit fintech for SMBs, though geographically broader and consumer-card-centric rather than construction-vertical.
- BRZ Brasil (Banco BRB / Mercado Bitcoin-adjacent ecosystem): Brazilian construction-finance ecosystem players offering receivables-backed lending to construction suppliers and contractors. Comparable to Mango in offering credit against construction receivables within a Latin American emerging market, though serving Brazil rather than Mexico.
Direct peers
- Material Bank: US B2B marketplace for architectural and construction materials that aggregates supplier catalogs and streamlines material sourcing for design and build firms. Comparable to Mango's Directorio concept as a vertical B2B materials-distribution network, although operating in the US with different credit mechanics.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Mango social profiles
Digital presenceMango compliance and trust
Trust signalCompliance3 records
Mango financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mango leadership team
Management profileNumber of profiles
Profiles1 record
Mango funding detail
Funding detailFunding overview
Funding rounds2 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mango M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mango
What does Mango do?
Mango is a B2B SaaS platform that connects Mexican construction companies (constructores) with building-materials distributors, centralizing purchasing, accounts payable administration, and short-term commercial credit (30/60/90 day net terms). It provides KYC/PLD verification, electronic contracting and NOM-151-compliant digital evidence for each B2B transaction, and operates a public distributor directory with 50+ allied suppliers. Mango explicitly positions itself as a technology platform, not a bank, SOFOM, or financial institution.
Is Mango a public or private company?
Mango is a private company. It is classified as venture growth investor backed and is currently operating.
When was Mango founded?
Mango was founded in 2022. It employs 1 to 10 people.
Where is Mango based?
Mango is headquartered in Monterrey, Mexico, in the Latin America region.
How does Mango make money?
Five revenue lines are on record. Distributor SaaS subscription (Cuota de Suscripción) is the primary driver. The others are per-transaction technology commission from distributors, late-payment interest (intereses moratorios) from constructors, collection-expense fees (penas convencionales / gastos de cobranza) and seed capital (equity).
Who are Mango's main competitors?
Broad incumbents on record are Konfío, Clara, Stori and Credijusto (now Cleri). Emerging players are Tribal, Kapital and Koop Technologies. Regional players are Jeeves and BRZ Brasil (Banco BRB / Mercado Bitcoin-adjacent ecosystem). Material Bank is listed as a direct peer.
Does Mango have an API?
No public API is recorded for Mango.