Kapital doubles valuation to become Latin America’s first AI unicorn

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The round was led by Tribe Capital and co-led by Pelion Ventures, with participation from Y Combinator, Marbruck Ventures, and True Arrow.

Kapital was built as a technology-first bank, helping SMBs in Mexico and Colombia access capital and manage operations, loans, and cash flow efficiently. The firm has secured 300,000 customers and a balance sheet of $3 billion.

Rene Saul, CEO, Kapital, says: “By taking a regulatory-first approach and ensuring each step in our expansion is aligned with policymakers, Kapital is setting a new standard for tech-enabled banking in the region.”