Funds such as Soma Capital, GBV, Techstars, Devlabs, Ripio Ventures, and Platanus Ventures also joined Arch's investment round.
The digital payments ecosystem is rapidly growing in LatAm, and with it, QR code payments are now one of the most used services
With the new investment, Finkargo plans to accelerate the growth of more than 600 companies in the international trade sector.
With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
Destácame already has 4.5 million users and wants to reach 10 million users by 2025, expanding its operation in Mexico.
Lula has a plan for Brazil. But will venture capital investors keep putting resources into the South American country's fintech sector?
Saque y Pague will seek to strengthen its regional network and install 2,000 of its self-service terminals in the Colombian market.
Mendel plans to use the resources raised in this round to double its growth and accelerate the development of its platform.
This new funding will allow Trii to expand operations in three key countries in the region: Colombia, Peru and Chile.
For many players in this market, the new law brings greater legal certainty for investors and companies working with these crypto assets.