July 16, 2024

Mergers & Acquisitions

Kushki Acquires Billpocket – The Consequences

In Latin American payment technology company Kushki’s latest move, they have acquired Mexican payment system Billpocket. With Billpocket, businesses are able to accept card payments, having been founded in 2012 and receiving $6.8 million in funding in 2019. This acquisition further strengthens Kushki’s presence in the Latin American payments market.

The acquisition of Billpocket will allow Kushki to expand their payment solutions to more Mexican businesses. Alejandro Guzar, the founder of Kushki, will lead the integration of the two companies. This move is crucial to their plan to significantly grow their presence in Mexico in the near future.

Our commitment to using new tech infrastructure to democratise payments in Latin America has led to our acquisition of Billpocket. This acquisition, combined with our recent $100 million Series B extension, positions Kushki as a unicorn company. We are excited about the opportunities and advancements this will bring for both Kushki and Billpocket.

In 2017, Kushki began offering payment integration and processing services in Chile, Colombia, Ecuador, Mexico, and Peru. The company experienced significant growth last year, employing 750 people. Paytech says Mexico, with its large economy and booming e-commerce industry, is a crucial market for the paytech company.

To keep up with the latest developments in the world of fintech and for more fintech news, please visit https://worldfintechnews.com/.

 

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