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HomeAIMexican SME payments platform Kapital raises $40m Series B

Mexican SME payments platform Kapital raises $40m Series B

Date:

  • 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.

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