LatamList – Mati, a Mexican identity verification platform, raised a $13.5M Series A led by Tribe Capital. Additional investors in the round included Spero Ventures, Amaranthine, Operator Partners, Aglae Ventures, Comma VC, and various angel investors.
Mati provides digital verification tools for over 200 client companies across Latin America. The platform uses end-to-end API technology to embed a novel privacy trust layer that checks the identity of strangers online so that businesses know who they are working with.
“At an industry level, we’re just scratching the surface of the implications of Mati helping online services ground their interactions in verified user data and eliminate anonymity online, so trust-service builders can launch and scale in a more secure, frictionless way,” said Filip Victor, CEO and co-founder of Mati. “With this investment, we are excited to lead the transition from a gig and sharing economy into the ‘trust economy’.”
With the funding, Mati will continue to grow its platform, which has doubled more than four times year on year from 2019. The startup will also be looking to expand across Latin America and other regions where identity fraud is a major issue.
“Mati is creating an entirely new category of digital reputation tools that build trust between online services and consumers — solving a critical industry challenge. We are thrilled to support Filip and the team as they revolutionize trust-service interactions online,” said Arjun Sethi of Tribe Capital.
This most recent funding round brings the total funds raised to $18.5M following a seed round announced in May 2020.
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