Ecuador's fintech startup Kushki raises $100 million at a $1.5 billion valuation

Oluwajuwonlo Afolabi -

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.