By Zoran Temelkov June, 2022
Kushki, an Ecuadorian payment infrastructure startup, completed a $100 million Series B extension round in June 2022. The latest funding round gives Kushki a unicorn status assigned to companies with a valuation of at least $1 billion.
The funding takes place after company announcements of reaching a 200% revenue growth with a quarterly year-over-year growth of 100%
The extension round brings the total amount raised through the Series B funding to $186 million with the participation of investors that strengthen their commitment to the company. Some investors that backed the Kushki round are Clocktower Ventures, DILA Capital, SoftBank Latin American Fund, and Kaszek Ventures.
Kushki plans to use the new funds to develop its payment infrastructure to perform different types of transactions in any country.
The round is an extension to the Series B funding held in June 2021, when the company raised $86 million with a valuation estimated at $600 million.
Established in 2017, Kushki’s payment infrastructure enables businesses in Latin America to send or receive payments while reducing fraud opportunities.