This week we look at Latin American startup Kapital’s $100 million Series C valuation, Adyen and Prommt’s partnership, PayLaterr’s recent fraud detection initiatives, and Klarna’s $26 billion deal with Nelnet
Latin American fintech firm Kapital has raised $100 million in Series C funding, pushing its valuation to $1.3 bullion and earning the company a unicorn status within just two years.
The round was led by Tribe Capital and co-led by Pelion Ventures, with participation from Y Combinator, Marbuck Ventures, and True Arrow.
Kapital which provides AI-driven banking solutions to small and medium sized enterprises (SMEs), has now achieved profitability, a milestone rarely seen among high-growth startups in the region.
With a $3 billion balance sheet and a customer base exceeding 300,000 SMEs across Mexico, Colombia, and the US, Kapital is positioning itself as one of the Latin America’s most innovative financial technology players.
Global payments platform Adyen has formed a strategic partnership with Prommt, a leading provider of pay-by-link payment solutions, to improve payment workflows in the hospitality industry. The initiative aims to sync seamlessly with Oracle OPERA (both v5 and Cloud versions), delivering streamlined operations, heightened security, and smoother guest transactions.
Prommt’s platform enables hotels to initiate secure and branded remote payments with features like scheduled sends, automated SMS or email reminders, file attachments, reporting tools, and refund management. Prommt’s solutions is highly rated with a full five-star evaluation on the Oracle Cloud Marketplace.
Nicole Olbe, MD for the UK at Adyen stated, “By partnering with Prommt, we are reimaging the payment experience for hotels. Eliminating manual processing and delivering real-time updates to OPERA boosts operational efficiency, security, and guest satisfaction.”
The collaboration has already delivered tangible results as the solution has been implemented by popular hotel Urban Hive by Hively Hospitality.
Fintech Startup Paylaterr, known for enabling flexible installment payments for essential expenses, has announced a strategic partnership with global credit bureau Experian to strengthen its fraud prevention systems and enhance budgeting capabilities.
As a result of this collaboration, PayLaterr will incorporate Experian’s advanced fraud detection and alternative credit data tools into its identity verification, risk assessment, and decision-making workflows. These enhancements are expected to enable real-time fraud prevention and streamline the platform’s security as well as user onboarding processes.
“Partnering with Experian gives us the tools to protect our platform from fraud and empower a broader customer base with smarter, more inclusive budgeting insights. This is a major step forward in our goal to help people take control of their financial lives,” said Akeem Egbeyemi, CEO of PayLaterr.
Digital banking leader Klarna has entered a multi-year forward flow agreement with Nebraska-based Nelnet, pledging to sell newly originated, short-term, interest-free Pay in 4 receivables on an ongoing basis, up to $26 billion in the cumulative payment volume of over the life of the program.
This strategic deal is set to deliver scalable, off-balance sheet funding for Klarna, strengthening its capital flexibility and enabling more aggressive expansion of its flagship instalment plan offering in the US.
Notably, Klarna will continue to originate and service every loan issued under this agreement, ensuring consistency in customer and merchant interactions throughout the program.
Niclas Neglen, CFO Klarna, described the arrangement as a landmark transaction for the company’s US chapters, adding that the partnership will help Klarna grow its core product responsibly while maintaining seamless interest-free payment experiences for millions of users.
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