Paraguayan-Bolivian fintech Bucksapp raised a $1M pre-seed round led by iThink VC and BuenTrip Ventures, with participation from Escalatec and angel investors.
With the funds, Bucksapp will enhance its technology and expand its team in Paraguay, Bolivia, Peru, and Ecuador.
Bucksapp’s SaaS transforms large amounts of transactional data, often duplicated and incomplete, into useful information for decision-making, allowing banks to find opportunities to generate more sales.
“Our clients are starting to clean and analyze their data, but doing it efficiently on legacy systems costs hundreds or thousands of dollars. At BucksApp, we offer a safer, more accurate, and faster way to collect, clean, and analyze all types of transactional data,” said Sebastián Romero, CEO of Bucksapp.
BucksApp collaborates with three banks, one processor, and two retailers. Over the last 15 months, it has processed over 20 million transactions.