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Kapital Joins Unicorn Club: A Mexican Fintech Milestone
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Fintech Kapital becomes Mexico’s latest unicorn with $1.3 billion valuation
By Kylie Madry MEXICO CITY (Reuters) -Mexican financial technology firm Kapital reached coveted “unicorn” status on Tuesday after its valuation topped $1 billion with a fresh funding round, following several high-profile purchases of more traditional banking operations. Kapital closed a funding round led by Tribe Capital and Pelion Ventures, giving it access to up to $100 million, it said in a statement, with its total valuation topping $1.3 bil…
Kapital Joins Unicorn Club: A Mexican Fintech Milestone
Mexican fintech firm Kapital achieved unicorn status with a valuation exceeding $1 billion. This milestone follows strategic acquisitions and an $86 million funding round led by Tribe Capital and Pelion Ventures. Kapital plans further growth through its proprietary software and recent bank acquisitions amidst regulatory scrutiny.
Latin America-Focused FinTech Kapital Valued at $1.3 Billion
Mexico City-based FinTech company Kapital said Tuesday (Sept. 2) that it doubled its valuation to $1.3 billion and became “Latin America’s first AI unicorn.” The company said this while announcing in a press release that it raised up to $100 million in a Series C funding round to accelerate the growth of its artificial intelligence (AI)-powered platform for small and medium-sized businesses (SMBs) in Latin America. “We are proud to joi…
Kapital, who recently made the leap to financial group in Mexico after the acquisition of the businesses of Intercam, announced on Tuesday that it successfully closed a new round of financing for 86 million dollars, thus reaching a valuation of 1.3 billion and has already reached the category of the so-called “unicorns.” The institution detailed that the Serie C funding round, was led by Tribe Capital and co-leaded by Pelion Ventures, with the p…
Mexico City.- The Mexican financial institution Kapital achieved the coveted status of "unicorn" on Tuesday by exceeding $1 billion in valuation with a new round of financing, after several high-profile acquisitions of traditional banking operations. Kapital raised $86 million in a round led by Tribe Capital and Pelion Ventures, according to a statement, with a total valuation of over $1.3 billion. The firm, based in Mexico but incorporated in D…
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