Mexican Fintech Kapital Achieves $1.3B Unicorn Status After $100M Series C

Kapital, a Mexican fintech company serving SMEs, has achieved unicorn status with a $1.3 billion valuation after raising $86-100 million in a funding round led by Tribe Capital and Pelion Ventures. The company operates across Mexico, Colombia, and the US, and its growth has been driven by strategic acquisitions, including the purchase of Banco Autofin in 2023 and assets from Intercam, a firm previously scrutinized by U.S. sanctions. Kapital plans to invest $100 million further into its banking operations following these acquisitions, leveraging its banking license and proprietary AI-powered financial ecosystem to accelerate expansion and profitability. This milestone places Kapital alongside other prominent Mexican unicorns like Kavak, Bitso, and Stori. The company currently serves 300,000 customers and maintains a $3 billion balance sheet, emphasizing its strong market presence and regional influence. Kapital's success underscores the growing strength of Latin America's fintech sector, particularly in AI integration and SME-focused financial services.