Startups
Kaszek, Andreessen Back Argentina Fintech Tapi in $22 Million Round
- Tapi is a payments processor for consumer-facing platforms
- Co-founder Mindlin sees it handling $400 million this year
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Argentine financial technology startup Tapi raised $22 million in venture funding in a Series A round led by Kaszek as the company expands its operations in Mexico, co-founder and Chief Executive Officer Tomas Mindlin said.
Tapi serves as a processor for payments on large Latin American consumer platforms such as Mercado Pago and cryptocurrency exchange Lemon. The company expects to process around $400 million in payments this year across the five countries in which it operates, quadruple its activity in 2023. Tapi lets fintech companies process recurring payments, such as monthly bills.