Latin America FinTech Kapital Raises $100M Series C at $1.3B Valuation

Mexico City-based fintech company Kapital has raised up to $100 million in a Series C funding round led by Tribe Capital and co-led by Pelion Ventures, boosting its valuation to $1.3 billion in under two years. Kapital operates as a technology-first bank, offering AI-driven financial services tailored for small and medium-sized businesses (SMBs) across Latin America, including Mexico, Colombia, and the United States. The company’s platform enables efficient management of operations, loans, and cash flow, and features infrastructure that allows it to develop new products natively while acquiring and modernizing traditional financial institutions. Kapital has scaled its balance sheet to $3 billion and serves over 300,000 customers, demonstrating strong growth and profitability. The new funding will accelerate the expansion of Kapital’s AI-powered financial ecosystem aimed at maximizing SMB performance in the region. Investors such as Y Combinator, Marbruck Ventures, and True Arrow also participated in the round, further supporting Kapital’s mission to empower Latin American SMBs through innovative financial technology.