Higo, a Mexican fintech, raised a $23M Series A funding round only six months after its seed funding. The round was led by Accel, with contributions from Tiger Global Management, Haystack, Homebrew, and others.
Higo is a B2B payments platform for SMEs in Latin America. The startup is working to change the way small vendors and businesses handle and process their transactions.
The Higo platform centralizes all financial transactions, from creating invoices from a customer’s vendors to a single ledger where users can approve and pay the invoices. The system is streamlined and effective, helping companies to manage their payments and business.
“In Mexico, companies don’t often get paid on time,” said Rodolfo Corcuera, co-founder of the company. “We provide on-demand financing in case payments are late, making cash flow concerns a thing of the past.”
Higo launched in 2021 with just five employees. The startup plans to grow this to 60 by the end of the year using the new funding.
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