LatAm Fintech Kapital Raises Funds at $1.3 Billion Value

Kapital, a Mexican financial services company, has raised $100 million at a valuation of about $1.3 billion to help build out its artificial intelligence capabilities.

The round was led by existing backer Tribe Capital and co-led by Pelion Ventures, according to a statement Tuesday, confirming a Bloomberg News report. Other participants included Y Combinator, Marbruck Ventures and True Arrow.