March 17

FinTech Kamino Raises $6.1 Million to Help Latin American Startups Raise Funds

Kamino, a FinTech working on a product to help startups with international structure, has raised $6.1 million in a funding round, Bloomberg Linea reported Tuesday (March 15).

Kamino’s goal is to help Latin American startups raise from global funds. Per the report, the platform is a response to the traditional requirement that startups must have financial accounts outside of Brazil.

Several things are added to the legal structure, including a hub of financial services like digital accounts and credit cards for the startup. As the report noted, these suppliers and services are aggregated, rather than the company creating a new path.

Because of that, the startup doesn’t have to go through every step individually, thanks to partnerships with law and accounting firms and financial institutions like Silicon Valley Bank.

Photo courtesy of Pabak Sarkar.

Source: PYMNTS (link opens in a new window)

Finance, Investing, Technology
financial inclusion, fintech, impact investing, partnerships, startups