The Payments Platform Kushki has Raised $100 Million, Making it a Unicorn

Kushki, an Ecuadorian payments platform, raised $100 million in Series B funding at a unicorn valuation. Kaszek Ventures, SoftBank Latin America Fund, and Dila Capital are among the investors in the round. Kushki hits unicorn status as payments platform raises $100 millionhttps://t.co/8xArQ1kpGa — The Block (@TheBlock__) June 8, 2022 CEO and co-founder Aron Schwarzkopf said in the statement, “Reaching this milestone in times of historical economic uncertainty speaks to the quality and resilience of our entire team and the enormous Latin American talent that exists in the region,” Firm’s Core Product Line Includes Infrastructure Kushki’s core product line includes infrastructure that makes it easier for businesses in Latin America to transmit, receive, and process worldwide digital payments. According to the corporation, the money will be used to speed up the adoption of this infrastructure. It is now only active in five nations in the region. The announcement comes as investors continue to pour money into Latin American fintech. Dock, a Brazilian fintech company, raised $11 million last month at a valuation of $1.5 billion. In addition, crypto players are still paying attention to the region, with Huobi recently acquiring crypto exchange Bitex and Tether just creating a new stablecoin pegged to the Mexican peso. In June 2021, the firm raised $86 million in the first round of funding at a post-money valuation of $600 million. S...