HomeCoinsTether (UDST)Kushki hits unicorn status as payments platform raises $100 million

Kushki hits unicorn status as payments platform raises $100 million

- Advertisement -


advertisement

Kushki, a payments platform based in Ecuador, has raised $100 million in Series B financing at a unicorn valuation. 

The round includes investors such as Kaszek Ventures, SoftBank Latin America Fund and Dila Capital among others, according to a statement on Wednesday. 

“Reaching this milestone in times of historical economic uncertainty speaks to the quality and resilience of our entire team and the enormous Latin American talent that exists in the region,” CEO and co-founder Aron Schwarzkopf said in the statement. 

Kushki’s core product line includes infrastructure to make it easier for businesses across the Latin American region to send, receive and process digital payments globally. The company said it will use the funding to accelerate the adoption of this infrastructure. Currently, it operates only in five countries in the region. 

The news comes as investors continue to funnel capital into fintechs in the Latin American region. Last month, Brazilian fintech Dock raised $11o million at a $1.5 billion valuation. Alongside this, crypto players continue to look at the region actively with trading platform Huobi acquiring crypto exchange Bitex and Tether recently launching a new stablecoin pegged to the Mexican peso.

Trending Stories



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 16,223.76
ethereum
Ethereum (ETH) $ 1,170.87
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 107.93
litecoin
Litecoin (LTC) $ 72.25
eos
EOS (EOS) $ 0.898502
okb
OKB (OKB) $ 20.34
tezos
Tezos (XTZ) $ 0.971801
leo-token
LEO Token (LEO) $ 3.91
cardano
Cardano (ADA) $ 0.305809
monero
Monero (XMR) $ 135.20
stellar
Stellar (XLM) $ 0.086562
chainlink
Chainlink (LINK) $ 6.82
huobi-token
Huobi (HT) $ 6.21
tron
TRON (TRX) $ 0.052755
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 39.59
neo
NEO (NEO) $ 6.56
iota
IOTA (MIOTA) $ 0.208883
nem
NEM (XEM) $ 0.031609
zcash
Zcash (ZEC) $ 39.39
maker
Maker (MKR) $ 639.52
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 19.14
vechain
VeChain (VET) $ 0.018354
true-usd
TrueUSD (TUSD) $ 0.999057
kucoin-shares
KuCoin (KCS) $ 6.73
waves
Waves (WAVES) $ 2.37