Ecuadorian payments infrastructure startup Kushki lands $100M at a $1.5B valuation

Ecuadorian payments infrastructure company Kushki has raised $100 million in an extension to its Series B round, more than doubling its valuation to $1.5 billion.
The startup had raised $86 million in the first tranche of the financing in June of 2021 at a post-money valuation of $600 million. It has raised nearly $200 million since its 2017 inception, according to Crunchbase.
Raising an extension as opposed to a new round made more sense because it was the same investors doubling down, according to CEO and co-founder Aron Schwarzkopf. Those backers include Kaszek Ventures, Clocktower Ventures

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