Dapp, Mexican fintech, raises 12.4 million dollars and plans its expansion in Mexico and Latin America
The company has managed to reach just over 20,000 businesses in less than a year and expects to be able to reach 240,000 more.
Grow Your Business,
Not Your Inbox
Stay informed and join our daily newsletter now!
2 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.
Dapp, a Mexican financial technology company, raised $ 12.4 million in a series A investment round. With this capital, the fintech plans to consolidate its presence in the Aztec country and aspires to start the process to expand throughout Latin America.
The money comes from two mutual funds, which are G2 Momentum Capital and Kalonia Venture Partners. And, according to its founders, Antonio Peláez, Jorge Alfaro and Sergio Blando, they will use the capital to advance mainly in Mexico.
Dapp specializes in the interoperation of payments between merchants, banks and users. The company has managed to reach just over 20,000 businesses in less than a year and hopes to reach 240,000 more in another 12 months thanks to its alliances with institutions such as Banco Azteca, Citibanamex, Banregio, among others.
Likewise, they maintain a synergy with wallets such as Bitso, Broxel, Kueski, and Claro Pay. The founders do not rule out that this investment allows them to think about their expansion in Latin America.
The fintech started as a digital wallet , however, it has had a rapid evolution based on the needs of the local market; In this way, it became the strategic connection point where SMEs, large companies and users converge to make money transfers and payments easier, faster and more friendly.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
