Mexico’s Clara secures $60m in equity funding round led by GGV Capital
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
The latest fintech news, resources and expert analysis in Mexico by the leading intelligence provider for the worldwide fintech community.
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
The fresh financing follows a $150 million debt facility from Goldman Sachs in August last year.
Thanks to Paymentology, the Fondeadora app will enjoy faster transaction processing and advanced security.
Marcus previously spent seven years at Meta and co-created the firm’s cryptocurrency Diem (formerly Libra).
Through the partnership, ThetaRay will provide Tudi its Sonar transaction monitoring solution.
A round-up of the latest funding endeavours of fintech start-ups from across North America.
Ibarra brings over 20 years of experience, most recently serving as Stripe’s head of product for Latin America.
FinTech Futures chats with Pushkar Mukewar, founder and CEO of Indian fintech Drip Capital.
Mendel will use the new funds to boost the growth of its corporate expense management platform.
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
Kushki says Billpocket will help it grow its paytech business threefold in Mexico.
The credit line is designed to help finance further expansion into Mexico, Bloomberg reports.
Our weekly fintech round-up for you to get the latest funding news from around the world.
The funding will be used to “improve financial access” for Mexican businesses.
Latin American fintech start-ups Belvo and Rebill are among the lucky recipients of new funds.
Toperty is based in Colombia and Saturn5 is based in Mexico City.
The deal values Covalto at $547 million and will see the firm listed on the Nasdaq exchange.
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
The company plans to use the fresh capital to grow its team and extend its product offerings.
BPC’s SmartVista solution will enable NanoPay to better protect its credit card customers.
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
YoCripto is on a mission to be the first in Latin America to offer a credit card with Bitcoin rewards.
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
The neobank is looking to accelerate its growth in Mexico and Colombia.
The Madrid-based company has raised $225 million to date in debt and equity funding.
Tribal says the Latin American region represents a $175 billion market opportunity.
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
The new cash will fund the start-up’s expansion into Brazil.
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
Kueski is one of the largest buy now, pay later and online consumer lenders in Latin America.
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
Increase in headcount and Latin American expansion planned.
The fintech has achieved one of the largest funding rounds to date in Latin America.
The company launched in Argentina in 2017 before expanding its services to Mexico last year.
The firm will offer access to credit, financial coaching, and savings.
Drip provides SMEs across India, Mexico and the US access to collateral-free credit.