LatAm AI-driven fintech Kapital doubles valuation to $1.3B with up to $100M raise — TFN

Kapital, an AI-driven financial institution serving small and medium-sized businesses (SMBs) across Latin America, has raised up to $100 million in Series C funding, doubling its valuation to $1.3 billion in under two years.

The round was led by Tribe Capital and co-led by Pelion Ventures, with additional participation from Y Combinator, Marbruck Ventures and True Arrow. Kapital confirmed that the raise comes alongside a milestone of profitability, further strengthening its position as one of Latin America’s fastest-growing fintech unicorns.

Kapital’s technology-first banking approach

Founded as a technology-first bank, Kapital designed its systems as a financial infrastructure platform rather than adapting legacy models. This has enabled the company to build products natively in-house while also acquiring traditional financial institutions and modernising them by replacing outdated infrastructure with its own technology.

The approach has resulted in higher profit margins, longer customer relationships and lower loss ratios compared with fintech firms that operate without a banking licence or proprietary software. Kapital’s AI-driven ecosystem integrates AML/KYC compliance, machine learning, and risk management tools, providing SMBs with streamlined access to loans, payments, and operational support.

Scaling Kapital across the region

Kapital’s balance sheet has expanded to $3 billion, with a customer base of over 300,000 businesses across the United States, Mexico and Colombia. The fresh funding will be used to scale its AI-powered financial ecosystem, supporting further expansion across Latin America.

“We are proud to join an elite group of unicorns emerging from Latin America. Kapital is already profitable, and our growth continues to accelerate through the unique combination of a banking licence and proprietary software,” said Rene Saul, CEO of Kapital. “By taking a regulatory-first approach and ensuring each step in our expansion is aligned with policymakers, Kapital is setting a new standard for tech-enabled banking in the region.”

Chief Financial Officer Fernando Sandoval added that the company’s model is designed to compound advantage with every product, acquisition and customer:

“What makes our model possible is not just capital, but our ability to modernise infrastructure through advanced AML/KYC compliance, machine learning, and AI-driven risk systems. Kapital is emerging as the most forward-leaning technology bank in the region – built on a foundation that is both financial and computational.”