Hapi raises $1.6M to improve its product and grow

Peruvian startup Hapi raised $1.6M from Utec Ventures, Unpopular Ventures, Softeq Ventures, and Mural Capital. The round was raised in September 2022, but just announced publicly.

The funds will improve Hapi’s stock buying and selling products, and boost growth and market reach in Latin America.

“We hope to maintain the growth that we’ve had since October of 2020. Hapi had 10,000 users in 2022 and is set to achieve 300,000 users and wants to reach 500,000 in the first semester of 2024. Increasingly, Latin Americans are interested in investing their money, not only saving it,” said Dusko Kelez, CEO and Co-Founder of Hapi.

Hapi, a wealthtech akin to a broker, allows Latin American customers to trade U.S. stocks and invest in crypto.

80% of Hapi’s clients are in Peru, Colombia, Chile, Mexico, Argentina, Ecuador, and Venezuela, but it’s also present in other countries, such as Brazil and the US. Hapi has $40M in AUM.

Read more on Forbes

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