Mexican fintech Kapital Bank raised $86M in a Series C round, bringing its valuation to $1.3B. The round was led by Tribe Capital and Pelion Ventures.
Kapital Bank offers banking services for individuals, including accounts, investments, and credit. Customers can manage their finances, transfer money, and pay bills through its online and mobile platforms.
Kapital Bank will use the funds to build an AI-driven financial ecosystem to improve business performance.
“We are proud to join the small group of unicorns in Latin America. Kapital Grupo Financiero reached profitability in less than two years, and our growth continues to accelerate thanks to the combination of a banking license and proprietary software,” said René Saul, CEO and co-founder of Kapital Grupo Financiero.
In 2023, Kapital acquired Banco Autofin and obtained licenses from Intercam, establishing itself as a full financial group.
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