FinTech news in payments infrastructure category

Our action products bring together a company’s data and provide APIs to give developers and business stakeholders in a company the ability to build more sophistication in their payment stack to address issues such as churn, risk, and cost

The two moves put Finix squarely on Stripe’s turf, though its CEO and co-founder Richie Serna told us that Finix differs from Stripe in its focus on creating an open ecosystem. Read more.

Prior to helping co-found Geopagos, Núñez Castro spent over 14 years as VP and general manager of Amex´s GNS, LatAm division, where he managed the card business operation in Latin America, including penetration into new markets.

Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 billion. Put simply, Kushki aims to help make it easier, cheaper and more secure for businesses across LatAm to send and receive/process digital payments.

The company raised $230 million in an equity and debt Series A round last year, led by Kaszek, and since then expanded into Mexico, growing its client roster over five times to 15,000, growing Mexico revenue by 60 times and launching its new Xepelin Payments product 90 days ago that enables users to organize and automate payments to suppliers, with and without financing.