tapi, a Mexican leading payments and collections network, raised a $27M Series B round led by Kaszek, with participation from Endeavor Catalyst and Latitud. With this round, tapi has raised more than $60M in total since its founding in 2022.
tapi operates a payments and collections infrastructure that enables consumers to pay and deposit funds through digital and physical channels. The platform connects more than 20,000 service companies and 70,000 physical locations across Mexico, Argentina, Chile, Colombia, and Peru.
Its B2B product, tapipay, is a collections platform for SMEs, financial institutions, insurers, and companies with recurring payments. Through a single integration, tapipay automates collections, connects to the banking system, and supports major payment methods.
With the funds tapi will develop new products, scale tapipay, and expand its payments network in Mexico, following its acquisition of Arcus assets from Mastercard last year. tapi will also strengthen operations in Argentina, Chile, Colombia, and Peru and continue expanding its technical team, which represents more than 70% of its workforce.
tapi processes more than 250 million transactions per year, representing over $6B in annual transaction volume. Its infrastructure supports Nubank, Mercado Pago, Santander, Banamex, and HSBC, and integrates with OXXO, Walmart, 7-Eleven, and Tiendas 3B.
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