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# Ecuador's fintech startup Kushki raises $100 million at a $1.5 billion valuation
- URL: https://www.techloy.com/ecuadors-fintech-startup-kushki-raises-100-million-at-a-1-5-billion-valuation/
- Published: 2022-06-09T15:36:46.000Z
- Updated: 2022-12-08T01:13:59.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Ecuador, Tech in Latin America

[Kushki,](https://www.kushki.com/en/) a digital payment infrastructure startup based in Ecuador has raised $100 million in its Series B extension, at a $1.5 billion valuation. 

- The fund will be used to support the firm's plans to develop a modern payment infrastructure that enables any form of transaction in any country.
- Kushki is helping businesses in Latin America to send and receive payments digitally, with a tool for high acceptance and fraud reduction.
- It recorded a 100% year-on-year growth in the last quarter and a 200% increase in revenue last year, it claims.
- Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund and DILA Capital participated in the extension round.