Fintech startup tapi raised $27 million in a Series B round led by Kaszek Ventures as it looks to deepen its role in Mexico's payments ecosystem and expand a network that allows consumers and businesses to move money across banks, digital platforms and physical retail locations.
The funding brings tapi's total capital raised since 2022 to more than $60 million. Endeavor Catalyst and Latitud also participated in the round. Founded in Buenos Aires, the company plans to use the proceeds to invest primarily in Mexico by hiring more staff, rolling out new payment and collection services and potentially pursuing acquisitions if suitable assets become available, Chief Executive Officer Tomás Mindlin said in an interview.
Mexico has become tapi's most important market, accounting for about 90% of the roughly 25 million transactions it processes each month, Mindlin said. The company works with more than 110 clients across the region, including Nubank and MercadoLibre Inc.'s fintech arm Mercado Pago. It also has partnerships with major retailers such as OXXO, Walmart and 7-Eleven that allow customers to pay bills or deposit cash at physical stores.
"Mexico is gaining enormous relevance, partly because the country's size is a huge advantage in terms of population, and even more so in terms of GDP and the volume of payments," said Mindlin. "But above all, it's because of the sheer size of the opportunity -- Mexico lags behind in the development of financial technology and the financial ecosystem."
The funding comes amid a sharp slowdown in venture capital investment across Latin America as tighter global liquidity pushed away many investors. Startup funding in the region totaled about $4.6 billion through October 2025, the slowest pace in nearly seven years, according to PitchBook data. Still, in the first month of this year some companies have found openings to raise capital, including Argentina's Pomelo, which raised $55 million this month.
Tapi brands itself as a three-sided network connecting retailers that accept payments and cash deposits, companies that need to collect recurring payments, and banks that want to offer customers both digital and in-person payment options. One of its core products, tapipay, allows businesses to automate collections and accept payments through bank transfers, cards and cash via a single integration.
Beyond Mexico, tapi also operates in Argentina, Chile, Colombia and Peru where it also works with banks, fintechs and utilities. The company employs about 90 people; a figure that has stayed flat for two years even as transaction volumes have surged. Mindlin added that tapi aims to keep teams lean while hiring top technical talent across the region.