Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

Mono, which as of March, had attracted more than 300 customers and achieved $1 million in total payment volume. Its workforce has grown to 25 employees, and the company expects to round out its senior leadership within the next year. To keep that momentum going, the company announced $6 million in seed funding led by Tiger Global. The new funds will enable Mono to plan for future expansion to other countries, like Mexico, Peru, Chile and Brazil.

Founded in 2019, Klar is a fully digital bank in the vein of companies like California-based Chime. It plans to use its new capital of US $70 million to further push its banking-based model to the Mexican population (where an estimated 50% of the population is unbanked).

CDPI Emerging Markets

Thepeer, an African tech infrastructure startup connecting businesses’ wallets, has raised a $2.1 million seed round led by the Raba Partnership. The news comes a year after the startup raised $220,000 in pre-seed from a handful of angel investors.

CDPI Emerging Markets

GrowthLoop will use TransUnion identity data to improve U.S. consumer match rates on client files sent to advertising media such as Facebook and Google Ads. The data should also help clients to find matches among records within their files, building more accurate customer profiles. GrowthLoop calls itself a “composable CDP”, meaning it works with data assembled in external data warehouses.

CDPI Newsletter

CDP Institute

News

Mono aims to be ‘first bankingless bank’ for Latin America’s small businesses

More News

Digital bank Klar raises US$70M

Thepeer, an API-based startup that connects African businesses, raises $2.1M, led by Raba Partnership

GrowthLoop and TransUnion Partner to Optimize Audience Reach