Kushki becomes Latam’s latest unicorn

With new funding of US$100 million, Kushki has achieved unicorn status, allowing it to expedite the construction of a contemporary payment infrastructure throughout Latin America.

Kushki, an Ecuadorian payments business, has secured an additional $100 million in a Series B round, bringing its total valuation to US$1.5 billion.

Kaszek Ventures, Clocktower Ventures, SoftBank Latin America Fund, and DILA Capital are among the new and existing investors who participated in the latest round, bringing the total amount received in the combined Series B to US$186 million.

“Reaching this milestone in times of historical economic uncertainty speaks to the quality and resilience of our entire team and the enormous Latin American talent that exists in the region”, says Aron Schwarzkopf, CEO and co-founder of Kushki.