Mexican B2B2C employee welness fintech minu raised $30M in a series B round led by QED Investors. Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies, Working Capital Fund, FinTech Collective, Redwood Ventures, Salkantay, and Nazca also participated in the round.
Minu is a comprehensive employee service platform that businesses use to offer their employees an array of benefits, such as health services, insurance assistance, meal and transportation vouchers, savings account, access to earned salary before payday, and reporting and analytics.
Minu will use the funds to expand in Mexico and to enhance its product offerings related to financial health and physical and mental wellness.
Since Mexico passed a law that mandates that companies identify psychosocial risks in the workplace, there’s a “huge wave of companies running to get compliant,” said Nima Pourshasb, minu’s co-founder and CEO.
Founded in 2019, minu helps over 1M employees across over 2K companies, including Avis, Smart Fit, Citibanamex, and Capgemini, reducing employee turnover by 33%. With this round, minu raised $47M in total.
