Shinkansen, a Chilean paytech startup, secured $3M in a seed round led by ALLVP. Additional participants include Salkantay Ventures, Chile Ventures, and Pedro Pineda, co-founder of Fintual.
With the funds, the company expects to significantly impact the payment landscape in Latin America through a single API that automates payments across multiple banks in Chile, Colombia, Mexico, and Peru.
SMEs in Latin America face significant challenges when it comes to sending and receiving money. Shinkansen’s AI-first approach allows them to tackle these challenges by moving tens of millions of dollars, prioritizing speed, security, and traceability while avoiding fraud.
