Kushki Raises $100 Million at $1.5 Billion Valuation

Kushki is a payments infrastructure company that provides clients with an integrated payment platform and omnichannel solutions for m-commerce, e-commerce, and physical stores. To process payments in real-time and enable customers to accept digital payments with operational efficiency and cost reduction, the platform offers recurring payments, tokenization, smart links, and a payment box.

Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund, DILA Capital, and other companies double down their investments in the funding round of Series B’s extension to the first tranche of $86 million in June 2021. With the money raised, Kushki became the first Ecuadorian unicorn. Funding will help the company to continue its growth and realize its ambitious plans.

Kushki, Quito, Ecuador, was founded by Aron Schwarzkopf and Sebastián Castro in 2017. Now, the company operates in Ecuador, Chile, Mexico, Colombia, and Peru. The number of employees has increased up to 750 from 100 in 2020. They are located in offices around the world – Europe, Brazil, APAC, and the USA. Kushki’s aim is to make the process of processing and receiving payments for business more secure, cheaper, and easier. The platform allows its clients to globally accept payments, then receive them in local currency. Kushki assists businesses in growing faster online, as well as boosting acceptance rates and reducing fraud. “The problem is so big in LatAm, that regardless of whether NASDAQ goes up or down, payments in Latin America will continue to trend up. What we’re building is like a gigantic pillar, not only for us, but for other companies that are building on top of us,” Aron Schwarzkopf, CEO.

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