Startups
Google-Backed R2 Raises $59 Million in Equity, Debt for Lending
- Fintech provides lending infrastructure and capital to clients
- Company operates in Mexico, Colombia, Chile and Peru
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R2, a Latin American startup building lending tools for tech companies in the region, raised $59 million in equity and debt to continue expanding operations, including a push to grow its business in Chile.
The company raised $9 million in equity in a Series A extension led by Mexican funds Hi Ventures and Cometa, said co-founder Roger Larach in an interview. Other investors included Endeavor Catalyst and prior backers Y Combinator and Google’s Gradient Ventures. An additional credit line of as much as $50 million was secured from San Francisco-based Community Investment Management for lending in Chile.