- Kapital raises $40 million in Series B equity financing and secures a $125 million debt facility.
- Led by Tribe Capital, the funding round includes Cervin Ventures, Tru Arrow, MS&AD Ventures, and Alumni Ventures.
- Founded in 2021, Mexico City-based Kapital provides financial automation and services like credit, billing, payroll, and business cards for SMEs.
- Boasting 80,000+ customers across Mexico, Colombia, and Peru, Kapital previously raised $23 million in Series A and $45 million in debt in May 2023.
- In September, it acquired Banco Autofin Mexico for $50 million, focusing on retail and SMEs.
- Kapital plans to use the funding for R&D, particularly in advancing its cross-border capabilities and incorporating AI and predictive analytics into its product suite.
- CEO Rene Saul emphasizes the funding’s role in propelling Kapital’s expansion across Latin America and introducing new AI-driven products.
