Argentine fintech company Tapi completes $20 million Series A financing, led by Kaszek, with participation from a16z and others

Argentine fintech company Tapi has completed a $20 million Series A financing round, led by Kaszek and participated by a16z and others. Tapi co-founder and CEO Tomas Mindlin said the company is expanding its business in Mexico. It is reported that Tapi is a payment processor for large Latin American consumer platforms such as Mercado Pago and crypto exchange Lemon. The company expects to process about $400 million in payments in the five countries where it operates this year and grow fourfold by 2023. The company has about 70 employees, most of whom are stationed in Argentina. The CEO said that total payment volume is expected to increase fivefold by the end of this year to 10 million transactions per month. Tapi's payment processing technology is designed to help fintech companies serve customers in multiple countries. (Bloomberg)