According to ChainCatcher, Bloomberg reported that Argentine fintech company Tapi completed a $20 million Series A financing, 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 is reportedly a payment processor for large Latin American consumer platforms such as Mercado Pago and crypto exchange Lemon. The company expects to process about $400 million in payments this year in the five countries where it operates, and will grow fourfold by 2023. The company has about 70 employees, most of whom are stationed in Argentina. The CEO said total payment volume is expected to grow fivefold to 10 million transactions per month by the end of this year. Tapi's payment processing technology is designed to help fintech companies serve customers in multiple countries.
