minu, a Mexico City, Mexico-based employee wellness platform provider, raised $30M in Series B funding.
The round was led by Next Billion Capital Partners, Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies and Working Capital Fund. Existing investors QED Investors, FinTech Collective, Redwood Ventures, Salkantay and Nazca participatedin the round.
The company intends to use the funds to consolidate the regional presence in Mexico and to continue strengthening its wellness offering across financial, physical and mental health.
Led by CEO Nima Pourshasb, minu offers an all-in one, modular and gamified platform with more than 50 wellness benefits including earned wage access, high-return savings, financial education, grocery and fuel neo-voucher cards, discounts, online access to doctors, therapists and nutritionists, and a variety of insurances and assistances.
The company works with more than 2,000 enterprises including department stores (Liverpool, Coppel), beer manufacturer (Grupo Modelo), gym chains (Smartfit, Sportsworld) and car rental agencies (Avis, Hertz, Dollar) and top HR outsourcing companies (Adecco, Manpower). It recently launched a partnership with Citibanamex where minu is integrated into the bank’s retail app to provide earned wage access to its 5 million payroll clients.
FinSMEs
19/11/2024