Jefa raises US$2 million seed round

Fintech startup Jefa has raised a US$2 million seed round with the goal of building a fintech startup that will provide digital accounts alongside offerings tailored and designed for women living in Latin America and the Caribbean.

The firm so far has managed to enlist 115,000 women on its waitlist and participated in TechCrunch’s Startup Battlefield last year.

Investors who made commitments to the startup’s seed round include The Venture Collective, partners of DST Global, Foundation Capital, Amador Holdings, The Fund, FINCA Ventures, Rarebreed VC, Siesta Ventures, Springbank Collective, Bridge Partners, Hustle Fund, Foundation Capital, Latitud, J20 and Magma Partners. Some angel investors also took part in the round, including Daniel Bilbao, JP Duque, Ricardo Schaefer, Jean-Paul Orillac and Allan Arguello.

In addition to this financing round, the startup has also reached a deal with Visa. Sources have described it as a multi-year strategic partnership agreement. This alliance will allow Jefa to leverage and maximize Visa’s resources and offerings on its journey into developing innovative payment solutions and more.

“Visa believes in empowering women,” senior director of fintech partnerships for Visa Latin America and the Caribbean Sonia Michaca said in a statement. “Financial and digital inclusion transform economies.