According to TechFlow, on July 12, Bloomberg reported that Argentine fintech startup Tapi completed a $20 million Series A financing round, led by Kaszek and participated by Andreessen Horowitz (a16z). Tapi co-founder and CEO Tomas Mindlin said the company is expanding its business in Mexico.

Tapi, a payments processor for large Latin American platforms such as Mercado Pago and crypto exchange Lemon, expects to process about $400 million in payments across five countries this year. With about 70 employees, mostly based in Argentina, Tapi expects total payment volume to grow fivefold to 10 million transactions per month by the end of the year.