Kushki, 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.