TLDR:
Key Points:
- Argentine fintech startup Tapi raises US$22 million in venture funding in a Series A round led by Kaszek and Andreessen Horowitz.
- The company expects to process around US$400 million in payments this year across five countries, with Mexico being a key market for growth.
Argentine financial technology startup Tapi has secured US$22 million in a Series A round of funding, with investors including Kaszek and Andreessen Horowitz. Co-founder and CEO Tomas Mindlin highlighted the company’s role as a payment processor for large Latin American platforms such as Mercado Pago and Lemon.
With plans to process around US$400 million in payments this year and expand its operations in Mexico, Tapi is focused on serving fintech companies and helping drive financial inclusion through digital payments. The company’s technology facilitates recurring payments and aims to streamline transactions across different countries with varying banking systems and regulations.
The fresh funding follows an initial investment of US$9 million in 2022, and Tapi anticipates significant growth in total payment volume and transaction numbers. Despite a slowdown in venture capital deals in Latin America, Tapi’s expansion signals confidence in the region’s fintech sector and the company’s potential for further development.
Mindlin’s background in the industry, as well as the support and experience of investors like Kaszek and Andreessen Horowitz, positions Tapi for continued success as it aims to drive innovation and financial accessibility in the Latin American market.
