About — Mango Construction-Tech & Fintech Platform

Our Story

Why We Built Mango

In 2022, Luis Morales was running a residential development firm in Polanco when one of his project managers called at 7 AM. A batch of structural steel from three separate suppliers had arrived with mismatched grades — the crane was already on site, the crew was waiting, and nobody had a single invoice that covered everything. The project lost four days and MXN 280,000 in penalties.

That afternoon, Luis started mapping the procurement process from scratch. What he found: contractors in Mexico make an average of 22 phone calls to place a single complex order. Credit comes from personal relationships with ferreteria owners, not from project value. Delivery schedules exist in WhatsApp threads. There was no platform that connected all three.

Mango launched in beta in mid-2023 with 12 contractors in Mexico City. The platform now covers the entire metropolitan area and is expanding to Monterrey and Guadalajara. Great North Ventures led the $3.5M Seed Round in early 2024, which funded the credit underwriting infrastructure and logistics layer.

Construction site in Mexico City with materials being delivered

Investors

Backed by Great North Ventures

Great North Ventures focuses on breakthrough technology for analog-dominated industries. Their $3.5M Seed Round investment reflects their thesis that construction — a $48B industry in Mexico that still runs on phone calls and handshakes — is ready for infrastructure-grade software.

$3.5M Seed Round

What We Believe

Four things we don't compromise on

Transparency on cost

Every quote on Mango shows the supplier price, Mango margin, IVA, and delivery cost as separate line items. Contractors have told us they've used our quotes to negotiate with their current suppliers. That's fine with us — the data pressure lifts everyone.

Time is the real constraint

A contractor's worst day is not running out of money — it's showing up to a site with a crew and no materials. Every feature we build is evaluated by one question: does this cut minutes off the procurement process or does it not?

Credit as infrastructure

Trade credit is not a product we sell — it's the plumbing that makes procurement move. We set the credit line, enforce payment terms, and eat the risk. Suppliers get paid immediately; contractors get time. That alignment only works if we underwrite well.

Supplier quality is non-negotiable

We remove suppliers who miss deliveries or ship sub-standard product. The short-term catalogue size doesn't matter as much as the quality floor. Contractors on the platform can trust that what is listed can be delivered on time.

About Mango