R2 Closes $15 Million Series A Round to Provide Frictionless Credit to Small Businesses
R2 announced it closed a $15M Series A round led by Gradient Ventures, Google’s AI-focused venture fund. Other participating funds were existing investors General Catalyst, 166 2nd, Magma Partners, and new investors Femsa Ventures and PayU.
87% of credit demand by small businesses in Latin America is unmet, and the startup’s goal is to change this reality through an embedded lending infrastructure. Thanks to R2, the platforms small businesses use to buy and sell every day can seamlessly offer capital to their business users. According to R2’s founders Roger Larach and Roger Teran:
Photo courtesy of geralt.