LatamList – Higo, a B2B payments platform, raised a $3.3M funding round led by Homebrew. Susa Ventures, Haystack, and J Ventures also participated in the round.
Higo is a digital payments automation platform for SMBs in Latin America. The platform aims to make small business payments more efficient and visible with its automated processes and digital solution.
“We want to build the Venmo for B2B payments in Latin America,” said Rodolfo Corcuera, co-founder and CEO.
The startup has already attracted hundreds of small business owners across Mexico. Higo plans to use the funding to expand its executive team and to start rapidly scaling the company.
Latin America offers a huge opportunity for digital payments solutions as the region’s payments ecosystem is still very nascent. Higo also plans to expand beyond Mexico in the future.
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