Mexico City-based Kapital, an AI-powered financial platform provider for SMBs across Latin America, has raised up to $100m in its Series C funding round.
The round was led by Tribe Capital and co-led by Pelion Ventures, with participation from Y Combinator, Marbruck Ventures, and True Arrow. This latest funding brings Kapital’s valuation to $1.3bn in just two years.
Kapital operates as a technology-first bank, offering a suite of tools to help SMBs manage operations, loans, and cash flow more efficiently. Its financial infrastructure is designed to develop products natively while also acquiring traditional institutions and rebuilding them on its technology stack.
The company plans to use the funding to accelerate the build-out of its financial ecosystem across Latin America, with the goal of maximising SMB performance in the region.
Kapital has already scaled its balance sheet to $3bn and serves 300,000 customers across Mexico, Colombia, and the U.S. The company continues to expand its operations in Mexico and Colombia as it develops its technology-driven banking services.
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