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Kushki announces $ 100m extension of Series B fundraising
Ecuadorian FinTech Kushki has announced a $ 100m extension of its Series B fundraising .
The latest round includes participation from new and existing investors such as Kaszek Ventures , Clocktower Ventures , SoftBank Latin America Fund and DILA Capital among others .
Collection of Kushki ’ s Series B announced in 2021 reached US $ 186m
Pitching itself as connecting LATAM through payments , Kushki has established itself as a key payment player in the region with the latest investment following a year where Kushki reported 200 % growth in 2021 .
Aron Schwarzkopf , CEO and Co-Founder , Kushki , said : “ Reaching this milestone in times of economic uncertainty is evidence of the quality and resilience of our entire team and the tremendous Latino talent that exists in the region .
The company currently employs some 700 people and operates in five countries – leveraging local teams to deliver customized solutions for clients in each country .
The new funding will be invested in accelerating Kushki ’ s evolution in the LATAM paytech infrastructure – facilitating digital payment transactions regardless of the country .
Kushki ’ s recognised as world-class payment platform helps businesses across the LATAM region to cut the cost and complexity of online payment – while improving acceptance rates and reducing fraud .
This infrastructure is pitched as playing a crucial role in accelerating digital transformation and economic growth in the LATAM region – enabling businesses to grow faster through the internet to drive consumer adoption of digital payments .
Salsa partners with First Sportsbook to launch LATAM-focused solution
Salsa Technology has partnered with top-tier sports betting provider First Sportsbook to expand into the regulated LATAM region .
The partnership sees the First Sportsbook solution integrated into the Salsa Omni PAM .
First Sportsbook is a top-tier sports betting solution supporting some of the largest sports betting operators in the world .
The partnership with Curaçao-based Salsa Technology is pitched as enabling the business to expand its global reach by entering the regulated LATAM region .
Eliane Nunes , Head of Marketing and Sales , Salsa Technology , said : “ We are very excited to announce this collaboration between Salsa and First , especially focused on regulated markets in Latin America , such as Peru . Our dominant position within the region means we ’ re well set to grow the business as regulation progresses . By adding First Sportsbook into our Salsa Omni we can service our partners , for a competitive cost , a package that includes data and risk analysis , as well as numerous tools for player promotion and retention to help operators make the most of the awesome opportunities here .”
Tom Light , CEO , First Sportsbook , said : “ Working with Salsa Technology gives us the ideal partner to bring our high-performance ‘ Plug and Play ’ solution to the region and give operators a chance to grow in this dynamic space . Our 180-strong trading team , fully managed platform and tech paired with Salsa ’ s localised experience will enable us to reshape the sports betting landscape .”
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