Next-gen payment platform Liquido enters Latin America, raises $26m

Next-gen payment platform Liquido enters Latin America, raises $26m

Liquido, the next generation payments company for Latin America, has emerged from stealth mode, aiming to modernize and democratize digital payments access for the region’s businesses.

The company has raised $26m in funding, with investors including Index Ventures, Base Partners, Restive Ventures, Mantis VC, and UpHonest Capital, all of whom are recognized for supporting innovative FinTechs globally.

Liquido offers a comprehensive and flexible payments infrastructure, serving a wide range of needs and customer preferences through one unified and integrated API. The company has already processed over $300m in payments during its closed beta phase with several top consumer brands.

The new funding will be used to accelerate deployment and development of additional capabilities. Liquido has debuted its Payment Plus Platform (PPP), which runs on top of its core payment services, extending capabilities in innovative ways. Initial solutions include the first-of-its-kind WhatsApp Liquido Store and Payment Success Booster.

According to Statista, the transaction value of digital commerce in Latin America was estimated at over $100bn in 2019 and is now expected to increase by approximately 73% by 2025, reaching $371.2bn by 2027. However, the Latin American payments market remains fragmented, and Liquido aims to fill this need with world-class payments infrastructure.

Liquido co-founder and CTO Shanxiang Qi said, “We needed to create a way for businesses to offer better, more secure financial services to deliver what the market deserves.”

In addition to the company’s core payment service offerings, Liquido has introduced the WhatsApp Liquido Store, enabling merchants to create a mini Shopify-like storefront within WhatsApp without any coding knowledge required.

Mark Fiorentino, Partner at Index Ventures, expressed excitement for merchants and their customers to experience the benefits of Liquido’s advanced payments system.

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