Kapital, a Mexican financial company, has raised $100 million in financing for the development of artificial intelligence. This is reported in a press release from Kapital.
As part of the financing round with the participation of Tribe Capital, Pelion Ventures, Y Combinator, Marbruck Ventures and True Arrow, Kapital increased its market value to $1.3 billion.
The new Series C round was a continuation of the previous financing phase in 2023, when the company raised $165 million. Currently, Kapital manages assets worth $3 billion.
Kapital is a Mexican financial company providing banking services to small businesses that are underserved by large financial institutions in Latin America. Kapital's products include loans and credit cards, as well as a growing number of payroll and benefits services. The company has 300,000 customers in the USA, Mexico and Colombia.
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