Ecuadorian FinTech Kushki has announced a $100m extension of its Series B fundraising.
The latest round includes participation from new and existing investors such as Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital among others.
Collection of Kushki’s Series B announced in 2021 reached US $186m
Pitching itself as connecting LATAM through payments, Kushki has established itself as a key payment player in the region with the latest investment following a year where Kushki reported 200% growth in 2021.
Aron Schwarzkopf, CEO and Co-Founder, Kushki, said: “Reaching this milestone in times of economic uncertainty is evidence of the quality and resilience of our entire team and the tremendous Latino talent that exists in the region.
Kushki’s recognised as world-class payment platform helps businesses across the LATAM region to cut the cost and complexity of online payment – while improving acceptance rates and reducing fraud.
The company currently employs some 700 people and operates in five countries – leveraging local teams to deliver customized solutions for clients in each country.
The new funding will be invested in accelerating Kushki’s evolution in the LATAM paytech infrastructure – facilitating digital payment transactions regardless of the country.
This infrastructure is pitched as playing a crucial role in accelerating digital transformation and economic growth in the LATAM region – enabling businesses to grow faster through the internet to drive consumer adoption of digital payments.
