Original title: LatAm Fintech Kapital Raises Funds at $1.3 Billion Value
Kapital, a Mexican financial services company, has raised $86 million at a valuation of about $1.3 billion to help build out its artificial intelligence capabilities, according to a person familiar with the matter. The round was led by existing backer Tribe Capital and co-led by Pelion Ventures, said the person, who asked to not be identified because the details aren’t public. Other participants included Y Combinator, Marbruck Ventures and True Arrow, the person said.