By Matthew Monks, September 2, 2025
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.
Kapital, based in Mexico City, was founded in 2020 by Chief Executive Officer Rene Saul and Chief Financial Officer Fernando Sandoval to offer banking-related services to small businesses, which are generally under-served by Latin America’s big financial institutions. Kapital’s products include loans and credit cards, as well as burgeoning payroll and benefits services.
“We are proud to join an elite group of unicorns emerging from Latin America,” Saul said in the statement. “Kapital is already profitable, and our growth continues to accelerate through the unique combination of a banking license and proprietary software.”
The company now has 300,000 customers across the US, Mexico and Colombia, as well as a $3 billion balance sheet.
This Series C funding round follows a $165 million debt-and-equity financing in 2023.
Kapital, a Mexico City-based fintech company founded by Rene Saul and Fernando Sandoval, has emerged as a leading platform for small and medium-sized enterprises (SMEs) in Latin America, offering AI-powered financial tools to streamline operations, cash flow management, and access to credit. The company’s innovative platform integrates real-time financial dashboards, automated invoicing, and predictive analytics, addressing the critical financing gap for SMEs, where only 10.5% of small businesses in Mexico have access to traditional bank credit. Kapital has been recognized as a World Economic Forum Technology Pioneer in 2024 and 2025.
Special Note: FoundersX invested in Kapital at its seed round and A round.