MICROCAPITAL BRIEF: Kushki Raises $86m in Equity to Grow Fintech Services for Retailers in Latin America

Kushki, a digital payment processor that is active in Latin America, recently raised USD 86 million in its Series B funding round. The investors – not all of which have been named – include Spain-based Conexo Ventures, Mexico-based Dila Capital, Chile-based Magma Partners, Argentina-based Kaszek Ventures and Japan-based SoftBank Group. While the relative participations of each investor have not been released, the new funding round values Kushki at USD 600 million.

Founded in 2017, Kushki helps businesses in Canada, Chile, Colombia, Ecuador, Mexico and Peru to process digital payments via channels such as the businesses’ websites, mobile applications, social media accounts and in-person. In addition to these countries, the firm has an office in the US state of New York.

Kushki plans to use the fresh cash to bolster its technology, reach new markets and approximately double its number of employees to 500. Kushki reports processing USD 30 billion in transactions per year.

By Harriet Ritchie, Research Associate

Sources and Additional Resources

Kushki blog post
https://kushkipagos.com/en/blog/kushki-levanta-historica-serie-b-pero-que-significa-esto

Kushki homepage
https://kushkipagos.com/

LinkedIn profile on Kushki
https://www.linkedin.com/company/kushki/

Conexo Ventures homepage
https://conexo.vc/

Dila Capital homepage
https://www.dilacapital.com

Kaszek Ventures homepage
https://www.kaszek.com/

Magma Partners homepage
https://magmapartners.com

SoftBank homepage
https://www.softbank.jp/

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