Mentum Raises $4.2 Million Seed Round

Mentum, a Latin American-focused Fintech, has now closed a seed round, raising $4.2 in a million in a Gradient Ventures- led effort. Gradient Ventures is a subsidiary of Google.

Some of the other participants in this round include corporate investors such as Global Founders Capital, TwentyTwo VC, Soma Capital, Y Combinator; and also notable execs from Plaid and Jeeves, among others.

Mentum announced last month that the firm is preparing to launch in four new markets as part of their mission to improve financial services in Latin America through enabling platforms. According to Mentum, their platform is already operational in Chile and Colombia.

Mentum wants to integrate financial services in “just a few lines of code” for digital banks, super-apps, local banks, insurance companies, and retailers. The company’s mission is to change the way ordinary investors invest.