TLDR:
- Argentine FinTech startup Tapi has secured $22m in Series A funding round led by Kaszek and Andreessen Horowitz.
- Tapi specializes in payment processing for major Latin American platforms and is set to process $400m in payments this year.
An Argentine FinTech company, Tapi, has successfully raised $22m in a Series A funding round, with investments from Kaszek and Andreessen Horowitz. The company, known primarily for its payment processing services for major Latin American platforms like Mercado Pago and Lemon, is projected to process around $400m in payments this year, marking a significant increase from the previous year. Specializing in handling recurring transactions such as monthly bills, Tapi is poised to become a key player in the region’s financial landscape. The funds raised will be used to enhance Tapi’s technological infrastructure and expand operations in Mexico, a market predicted to be the company’s fastest-growing in the coming years. Co-founder and CEO Tomas Mindlin sees Mexico as a strategic market, estimating that 80% of the banked population in Mexico will engage with Tapi’s services by next year. This funding round follows an initial $9m raised in 2022 during a seed round, also led by Andreessen Horowitz.
