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Kushki closes Series A funding round led by DILA Capital

Digital payment processor Kushki has announced its Series A funding round led by DILA Capital, a City-based Venture Capital fund from Mexico. The funding round saw participation from Kaszek Ventures, Clocktower Ventures, Conexo and Magma Partners.  The company is planning to use the finance for expanding its product suite and regional presence.

Due to the current physical limitation, which is imposed due to COVID-19, merchants are looking forward for solutions to digitalise their operation. Kushki’s integrated and convergent payment platform that covers the physical store, e-commerce and m-commerce channels and its plug-and-play payment solutions tout to facilitate the increasing needs.

“Kushki’s ability to deliver multi-channel, real-time, social network integrated payment processing for today’s mobile and social consumer is impressive. Likewise, its co-founders Aron Schwarzkopf and Sebastian Castro are entrepreneurial leaders with more than 20 years of experience in the payments market. DILA is pleased to support the Kushki team as they continue to provide best-in-class service and products to Latin American companies, ”said Eduardo Clavé, managing partner of DILA Capital to news media.

Unites States-based FinTech Kushi is a digital platform provider under the Aurus Inc. platform. It focusses in the first and last part of the value chain of the payment process to offer various solutions for merchants in Latin America. The company helps in managing all means of payment in one place including credit cards, debit cards, bank transfers and cash.  Its product offerings include payment box, recurring payments, smart links and tokenization. The company currently operates in Mexico,  Chile, Colombia, Ecuador,  Peru, the US, Canada, and Ecuador of course.

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