Kapital becomes Latin America’s first AI unicorn

Mexico City fintech Kapital has raised up to $100 million in Series C funding. This achievement values the company at $1.3 billion, making it Latin America’s first AI unicorn. The investment doubles Kapital’s previous valuation, marking a significant milestone for the region’s technology sector.

Tribe Capital led the funding round, with Pelion Ventures serving as co-leader. Other participants included Y Combinator, Marbruck Ventures, and True Arrow. This strong investor support shows growing confidence in Kapital’s tech-focused approach to financial services for small and medium businesses across Latin America.

AI-Powered Banking for Small Businesses

Kapital operates as a compliance-focused, AI-powered banking platform built for small and medium businesses. The company helps companies in Mexico and Colombia obtain funding, simplify operations, handle loans, and manage cash flow more efficiently. Kapital now serves 300,000 businesses with a $3 billion balance sheet, becoming a vital part of the region’s financial system.

CEO Rene Saul highlighted Kapital’s dedication to compliance and steady growth. “We prioritize regulations and ensure every expansion step follows policy guidelines,” he stated. “Kapital is creating a new standard for technology-powered banking in the region.”

Regional Impact and Growth Plans

This achievement shows both Kapital’s quick growth and the wider rise of AI-driven financial services in Latin America. As the region’s first AI unicorn, Kapital can now expand its services further. The company plans to develop solutions that address important gaps in credit access and digital banking for underserved businesses.

By combining artificial intelligence, data-based lending, and regulatory compliance, Kapital has become both a technology leader and reliable financial partner for small businesses throughout Latin America. The company is well-positioned to promote financial inclusion while supporting the growth of small and medium enterprises across the region.