Fintechs in Mexico draw funding to cater to underbanked SMEs and individuals. Kapital tapped $65 million, while Stori secured $50 million.
While VC funding to Latin American startups saw a year over year decline, the fact that it is stabilizing offers hope to the industry.
Investments into Latin American fintechs are expected to pick up in 2024 amid rate cuts in the United States.
Mexican fintech Kapital raised $40 million in a series-B funding this month and $125 million in debt financing to expand to new markets.