LatamList – Dapp, a Mexican fintech, raised a $12.4M Series A funding round from G2 Momentum Capital and Kalonia Venture Partners.
Dapp is a payment wallet that tackles the issue of card information theft and unrecognized charges, which is a prevalent problem in Latin America. The platform facilitates safe and secure e-payments for businesses through QR code verification.
The funding will allow Dapp to start expanding across Mexico.
āWe are going to invest nearly all of this funding into Mexico. We want to make our payments process stronger with new e-wallets and key business partners,ā said Antonio PelĆ”ez, CEO of Dapp.
In little over a year, Dapp acquired more than 20,000 client businesses, including Kueski, Bitso, Claro Pay, and Ebanx. The startup plans on reaching 240,000 this year.
Dapp is also considering using crypto currencies in its payments methods and is working closely with Bitso on this project.
Read more on Forbes.
