Prometeo, a Latin America-focused fintech infrastructure firm, has raised $13 million in Series A funding to expand its data and payments services across the region. The funding round was led by Antler Elevate and included participation from new investors PayPal Ventures and Samsung Next, as well as existing backers Cometa and Magma Partners. Prometeo’s platform acts as a bridge between global corporations and financial institutions in Latin America, offering clients streamlined access to banking information and payments from over 283 financial institutions in 10 countries through a single API.
Key points:
- LatAm-focused fintech Prometeo has secured $13 million in Series A funding to expand its data and payments services across the region.
- The funding round was led by Antler Elevate and included participation from new investors PayPal Ventures and Samsung Next.
- Prometeo’s platform offers clients streamlined access to banking information and payments from over 283 financial institutions in 10 countries through a single API.
- The funding will be used to expand Prometeo’s multi-banking data and payments services across Latin America.
Co-Founder and Co-CEO of Prometeo, Ximena Aleman, highlighted the company’s commitment to unifying the diverse financial technology landscapes of Latin American countries. Meanwhile, Partner at Antler Elevate, Fady Abdel-Nour, praised Prometeo’s potential as a transformative force in the industry. Prometeo’s offerings include a cross-border multi-banking data aggregation platform, account validation services, and real-time payments. The company’s platform is designed to surpass industry standards and provide a secure environment for financial operations. With its robust platform and extensive API network, Prometeo aims to enhance financial connectivity globally, making Latin America more accessible for international business operations.
