The round was led by Tribe Capital, with participants including Cervin Ventures, Tru Arrow, MS&AD Ventures and Alumni Ventures, among others.
Founded in 2021 and based in Mexico City, Kapital offers a financial automation platform and credit, billing, payroll and business card services for SMEs, claiming over 80,000 customers in Mexico, Colombia and Peru.
It last raised $23 million in a Series A funding round and $45 million debt facility in May 2023, and paid $50 million to acquire retail and SME-focused Banco Autofin Mexico in September.
