Fintech Kapital becomes Mexico’s latest unicorn with $1.3 billion valuation

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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 billion.

The company, headquartered in Mexico but incorporated in Delaware, also operates in Colombia.

The latest funding brings Kapital into the ranks…



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Fintech Kapital becomes Mexico’s latest unicorn with $1.3 billion valuation



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 billion.

The company, headquartered in Mexico but incorporated in Delaware, also operates in Colombia.

The latest funding brings Kapital into the ranks…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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