Latin, a financial technology startup based in São Paulo, Brazil, has raised $62 million in a Series B funding round led by the Silicon Valley-based atozmp3 venture capital firm, Andreessen Horowitz. The funding will be used to expand Latin’s platform and reach more customers across Latin America.
Latin’s platform offers a range of financial products and services to individuals and small businesses in Latin America. The company’s goal is to provide easy-to-use and affordable financial solutions that are accessible to people across the region.
The recent Series B funding round for Latin was led by Andreessen Horowitz, with toonily participation from existing investors including QED Investors, Kaszek Ventures, and Ribbit Capital. The investment will be used to expand Latin’s platform and reach more customers across Latin America.
In a blog post announcing the investment, Andreessen Horowitz highlighted the potential for Latin’s platform to transform the financial landscape in Latin America.
“Latin is transforming the financial landscape in Latin America by providing innovative and accessible financial solutions to millions of people across the region,” wrote Andreessen Horowitz. “We’re excited to support their mission and help them to grow and evolve their platform.”
The investment from Andreessen Horowitz marks a significant masstamilanfree milestone for Latin, as it represents the largest funding round the company has received to date. In a statement, Latin’s CEO, David Vélez, expressed his excitement for the investment and the opportunities it will bring.
“We’re thrilled to have the support of Andreessen Horowitz and our other investors as we continue to grow and evolve our platform,” said Vélez. “This investment will allow us to reach even more customers across Latin America and provide them with the financial solutions they need to succeed.”
Latin’s success in the financial masstamilan technology space has also attracted attention from other investors, including QED Investors. The venture capital firm led a $26 million funding round for Latin in 2018 and has continued to support the company through subsequent funding rounds.
QED Investors is known for its focus on investing in companies that are driving growth and transformation in the financial technology industry. In addition to its involvement in Latin, QED Investors has also invested in other companies like ClearScore, Credit Karma, and SoFi.
ClearScore is a UK-based credit scoring justprintcard platform that provides free credit reports and scores to users. QED Investors led a $15 million funding round for ClearScore in 2017, which helped the company to expand its operations and develop new products.