According to PANews, Argentinian fintech company Tapi has successfully raised $20 million in a Series A funding round led by Kaszek, with participation from Andreessen Horowitz (a16z). Tapi's co-founder and CEO, Tomas Mindlin, announced that the company is expanding its operations in Mexico. Tapi serves as a payment processor for major Latin American consumer platforms such as Mercado Pago and the cryptocurrency exchange Lemon. The company anticipates processing approximately $400 million in payments across five countries this year, with a projected fourfold increase by 2023. Currently, Tapi employs around 70 people, most of whom are based in Argentina. The CEO expects the total payment volume to grow fivefold by the end of this year, reaching 10 million transactions per month. Tapi's payment processing technology is designed to assist fintech companies in serving customers across multiple countries.