INFOGRAPHIC: LatAm's Top Weekly Startup Funding — Week 25
These are the funding deals we tracked in the LatAm region this week – including Celcoin, Clip, LogShare, Moonflow, and Konsi.
- Brazilian Fintech Celcoin Raises $120M to Pursue M&A Activity in Brazil and Other Countries
- Mexican Unicorn Clip Secures $100M to Expand its Operations and Headcount in Mexico
- Brazilian Logitech LogShare Raises $2.4M to Expand its Product Offerings
- Latin American Cloud-Based Collections Software Moonflow Secures $1.74M to Accelerate Product Development
- Brazilian Fintech Konsi Secures $1.05M to Enhance its Product Development
Brazilian Fintech Celcoin Raises $120M to Pursue M&A Activity in Brazil and Other Countries
- Brazilian fintech Celcoin has raised $120 million in a Series C round led by Summit Partners in what was the fund’s first investment in Latin America. Other participating investors include Innova Capital.
- Founded in 2016, the banking as a service (BaaS) financial technology company provides embedded finance tech infrastructure to companies which allows them to offer financial products to their customers. It operates mainly in Brazil but also has clients in Chile and generated $47.3M in net revenue in 2023.
- With the new funds, Celcoin will pursue M&A activity in Brazil and other countries, focusing on new products for the ecosystem and aiming to increase its market share.
Mexican Unicorn Clip Secures $100M to Expand its Operations and Headcount in Mexico
- Mexican unicorn Clip has secured $100 million in a funding round from Morgan Stanley Tactical Value and an unnamed West Coast investor, at an "in line" valuation with its $250M Series D in 2021.
- Founded in 2012, the payment platform serves merchants with digital and point-of-sale payment solutions, financial services, lending products, and software. It also has a team of 800 people in Mexico, and its clients include companies like Oxxo, Walmart, and AT&T.
- With the new funds, Clip will expand its operations and headcount in Mexico, enhance its payment solutions, and convert cash-only merchants to digital payments.
