Minu raises $14M Series A for regional expansion

LatamListMinu, a Mexican fintech, raised a $14M Series A funding round led by Fintech Collective. Various angel investors also participated, including Tom Gonser, founder of DocuSign.

Minu is a fintech that offers Mexican employees access to their already worked salary when they need it. The company has grown significantly in the past year with a 30-40% growth each month as more Mexicans have required additional financial support due to the global pandemic.

“In the last year, we saw a huge increase in demand for our services. We reached employees from across more than 100 companies including Total Play, Telefónica, Scotiabank, Rappi, Office Max, Manpower, and Adecco, to name just a few,” said Nima Pourshasb, CEO and co-founder of Minu.

The Series A brings the startup’s total funding to just under $20M. Minu will now work to develop new services, create a sales team to help grow the company further, and look to regional expansion in Latin America.

Read more on Forbes.

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