- Tapi secures $22 million Series A funding:
- Led by Brazilian VC firm Kaszek
- Participation from Californian VC Andreessen Horowitz (also led Tapi’s $9 million seed round in 2022)
- About Tapi:
- Founded in 2022
- Provides payment processing infrastructure for fintechs and consumer platforms in Latin America
- Services include processing recurring payments, gift card payments, and automating billing via a single API connection
- Clients include Mercado Pago and cryptocurrency exchange Lemon
- Operates in Argentina, Chile, Colombia, Mexico, and Peru
- Expansion Plans:
- CEO Tomas Mindlin expects to process around $400 million in payments this year
- Latest funding aimed at expanding in Mexico
- Goal to work with fintechs that promote financial inclusion and transition from cash to digital payments
- Prediction: 80% of the banked population in Mexico will use Tapi’s infrastructure in a year
- Context:
- Latin America is becoming a fintech hotspot in 2024
- Example: Brazilian paytech VMtecnologia acquired by Israeli fintech Nayax in May for around $27 million
