Colombian payments platform Akua raised an $8.5M seed extension round led by Flourish Ventures and Cathay Latam. Atlantico, Honey Island, 4UM Investimentos, Krealo, and Simma Capital also participated in the round. The funding follows a $4.3M seed round in October 2024.
Akua is an “Acquiring as a Service” platform that provides cloud-based payments infrastructure for fintechs, banks, and aggregators for accepting and processing electronic payments. The platform uses AI to improve digital payments processing, authentication, fraud detection, and chargeback automation capabilities.
Akua will use the funding to continue expansion across Latin America into Brazil, Mexico, Argentina, Peru, and other Central American countries.
With the new funding, the paytech has raised $13M in only a year of operations.
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