Mexican fintech company Kapital grabbed a fresh round of capital, US$20 million in Series A and US$45 million in a debt facility, less than a year after securing a US$8.6 million seed round. Kapital built a platform that could provide a way for small and medium-sized businesses across Latin America to have all of their financial needs, including cash flow, credit and investments, all in one place. It allows customers to get a credit card, pay bills in advance, view cash flow and manage business spending.

Nigerian fintech startup Earnipay, which provides flexible and on-demand salary access to income-earners, is now quickly scaling after US$4 million funding round. Founded by Nonso Onwuzulike in 2019, Earnipay integrates employer payroll and HRM systems to enable on-demand financing for employees to access their earned salary instantly, without interest.