Wednesday, July 2, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News South America

Ecuadorian payments infrastructure startup Kushki lands $100M

Femi Thomas by Femi Thomas
06/09/2022
in South America
0 0
0
Kushki Ecuador

Kushki Ecuador

0
SHARES
Share on FacebookShare on Twitter

Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 billion.

The startup had raised $86 million in the first tranche of the financing in June of 2021 at a post-money valuation of $600 million.

It has raised nearly $200 million since its 2017 inception, according to Crunchbase.

Raising an extension as opposed to a new round made more sense because it was the same investors doubling down, according to CEO and co-founder Aron Schwarzkopf. 

Those backers include Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund, and DILA Capital, among others.

The raise comes after a year in which Kushki saw 200% revenue growth, he said, declining to reveal hard revenue figures.

 It also follows a quarter in which the company grew by 100% year over year.

Put simply, Kushki aims to help make it easier, cheaper, and more secure for businesses across LatAm to send and receive/process digital payments. 

Specifically, it enables LatAm businesses to accept payments globally and receive money in their local currency.

The end goal is to help these businesses — such as digital banks — grow faster online and drive consumer adoption of digital payments. At the same time, Kushki claims its infrastructure can help boost acceptance rates and reduce fraud.

In technical terms, Kushki has developed an API that gives businesses a way to interact with “all the information” they need to integrate its payment technology into their business.

Kushki has “hundreds” of customers, including Telefónica, Claro, Credijusto, Colombian on-demand delivery unicorn Rappi, Santander, and others.

Today, the startup operates in five countries: Ecuador, Mexico, Peru, Colombia, and Chile.

Its team of 750 employees, up from just over 100 in mid-2020, is composed of 70% product and engineering staff, and the company has offices located all over the world, with staff located in the U.S., Europe, APAC, and Brazil. 

The company plans to use the capital primarily to advance its mission to develop “a modern payment infrastructure for Latin America that facilitates payment transactions of any type in any country.”

 

Read more on Tech Gist Africa:

Argentinian Ecommerce aggregator Elevva raises $30 Million

Edtech Talently raises $3M

Auto tech startup Minieye closes $120 million

 

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Femi Thomas

Femi Thomas

Related Posts

Moove Nigeria
Acquisition

Moove, a Nigerian fintech company, has expanded into Latin America through the acquisition of Kovi, a Brazilian mobility startup

by Tech Gist Africa
02/15/2025
0

Moove, a global leader in mobility solutions, has announced the acquisition of Kovi, an urban mobility provider headquartered in São...

Read more
TideWise Brazil

Brazil’s TideWise secures $1.9M

10/30/2023
Wareclouds Chile

Chilean startup Wareclouds secured $2M

10/20/2023
Bia Colombia

Colombia Based Bia raises $16.5M

10/15/2023
Maqui Colombia

Colombian startup Maqui raises $1.5M

10/15/2023
Next Post
Agrotools Brazil

Brazil’s Agrotools raise $21M

Strong Network Switzerland

Strong Network raises €5.1 million

Castor France

Paris-based Castor raise $23.5 million

No Result
View All Result

The Big 5

Blockchain

The Role of Blockchain in Enhancing Africa’s Financial Systems and Security

by Tech Gist Africa
06/30/2025
0

...

Artificial Intelligence

How Artificial Intelligence is Transforming Industries Across Africa

by Tech Gist Africa
06/23/2025
0

...

Africa startups

Kenyan Startups Invited to Apply for €100,000 develoPPP Ventures Grant

by Tech Gist Africa
06/15/2025
0

...

Neuralink Elon Musk

Neuralink Secures $650 Million in Series E Funding to Advance Brain Implant Technology

by Tech Gist Africa
06/15/2025
0

...

Telegram Grok

Telegram Scores $300 Million xAI Deal to Integrate Grok Across One Billion Users

by Tech Gist Africa
06/15/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.