In 2023, Kapital’s customer base grew to 80,000 small businesses in Mexico, Colombia and Peru. It also acquired Banco Autofin Mexico S.A. in September, which already had 65,000 customers, CEO ...

In total, Kapital raised over $30 million in equity and $145 million in debt. “We’ve underwritten over 100 fintech companies and nearly none of them have been able to monetize,” said Arjun ...