Aplazo, a Mexico City-based omni-channel payment platform that offers flexible payment solutions and commerce enablement tools to help merchants accelerate sales and grow their brands, raised $70m in additional equity financing, including a $45m Series B.
QED Investors led the equity financing, which also included participation from new investor Volpe Capital as well as existing investors Oak HC/FT, Kaszek and Picus Capital.
The company, which has now secured more than $100m in equity financing and $75m in committed debt funding since launching in late 2020, will deploy the additional capital to continue refining its product offering for consumers and merchants alike and double down on product innovation including using AI capabilities to better understand consumer and merchant needs and to enhance risk decisions.
Led by Angel Peña, CEO, and chief revenue officer Alex Wieland, Aplazo is a payment network that offers payment solutions and merchant tools to help merchants sell more and grow their brands. With Aplazo, merchants can offer installment payment plans to the Mexican population who don’t have access to credit cards and can’t pay in installments and instant payments that result in savings in processing fees to merchants. Merchants have access to a marketing tech stack and AI tools that are designed to eliminate the drop-off points in commerce to better run their business.
FinSMEs
13/05/2024