LatAm Fintech Kapital Raises Funds at $1.3 Billion Value
🎧 Listen to AI Summary
From bloomberg.com: Did you know that a Mexican financial services company just hit a $1.3 billion valuation? Meet Kapital, a rising star in the fintech world, recently securing a whopping $100 million to supercharge its artificial intelligence capabilities. This funding round, led by Tribe Capital and Pelion Ventures, showcases the growing interest in AI-driven financial solutions. But why is this significant? With the global fintech market expected to reach $460 billion by 2025, Kapital's move positions it at the forefront of a digital revolution. The backing from notable investors like Y Combinator and Marbruck Ventures highlights a trend where traditional finance meets cutting-edge technology. As Kapital gears up to innovate, this funding not only boosts its growth but also signals a shift in how financial services are evolving. What could this mean for the future of banking? Learn more about this at bloomberg.com.
Full Article
Read Original →Kapital, a Mexican financial services company, has raised $100 million at a valuation of about $1.3 billion to help build out its artificial intelligence capabilities. The round was led by existing backer Tribe Capital and co-led by Pelion Ventures, according to a statementBloomberg Terminal Tuesday, confirming a Bloomberg News report. Other participants included Y Combinator, Marbruck Ventures and True Arrow.