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Tapi Secures US$27M led by Kaszek to Expand its Payment Network in Latin America

Tapi raises US$27M in a round led by Kaszek to accelerate its expansion in Mexico and strengthen its payments infrastructure across Latin America, surpassing US$60M raised since 2022.

Latam Republic

Latam Republic

— 3 min read
Tapi Secures US$27M led by Kaszek to Expand its Payment Network in Latin America

Tapi continues to scale its regional footprint after closing a new US$27 million funding round, bringing its total capital raised since 2022 to over US$60 million. The Argentine fintech is accelerating its expansion strategy, deepening its presence in key markets and reinforcing its ambition to become one of Latin America’s leading service payment networks.

Kaszek leads new investment round

The round was led by Kaszek, one of the most influential venture capital firms in the region, with participation from Endeavor Catalyst and Latitud.

Since its founding in 2022, Tapi has raised more than US$60 million in total funding. According to Tomás Mindlin, CEO and co-founder, this latest investment validates the company’s rapid growth and will support continued technology development, operational strengthening in Argentina, and regional consolidation.

“Our purpose is to build the most robust payment network in the market,” Mindlin stated, highlighting that the strategy includes scaling products such as Tapipay, deepening infrastructure capabilities, and onboarding more companies into the network.

Exponential growth and profitability

In less than three years, Tapi has built a network that includes more than 20,000 companies and 70,000 payment points. Through this infrastructure, users can pay essential services such as water, electricity, gas, schools, and gyms, as well as make cash deposits and withdrawals in retail stores.

The company currently operates in five countries, including Argentina, where it maintains active operations and partnerships with key players such as Naranja X, Ualá, YPF, Prex, DolarApp, Lemon, and Belo.

Tapi processes more than 250 million transactions annually, representing over $6 billion in volume. Its infrastructure connects banks, fintechs, physical retail chains, and service providers across the region.

In under 18 months, the fintech multiplied its revenue and transaction volume by ten, reaching profitability during that period.

Mexico expansion and Arcus acquisition

A significant portion of the new capital will be deployed in Mexico, a market Tapi considers to have the highest growth potential in the region.

More than 80% of transactions in Mexico are still conducted in cash, and over 30,000 companies collect payments manually. In this context, Tapi’s acquisition of Arcus, a competitor previously owned by Mastercard, marked a strategic milestone.

Through the deal, Tapi gained access to a broad cash-in and cash-out network operating in retail chains such as OXXO and 7-Eleven, while also expanding connectivity with bill issuers nationwide.

The integration of Arcus strengthens Tapi’s position in a market still dominated by cash and reinforces its broader regional strategy to modernize how millions of people pay and how businesses collect payments.

Argentina roadmap and regional vision

Although Mexico represents a central growth pillar, Argentina remains a strategic hub for Tapi. Most of the company’s team is based in the country, where local developments continue to advance.

One example is the integration within the YPF app, which brought Tapi’s payment network to millions of users. The focus moving forward is on strengthening embedded payment solutions that enhance financial experiences within existing apps and digital ecosystems.

At the same time, the fintech plans to continue investing in local talent and expanding new business lines. Regionally, Tapi aims to consolidate its footprint through products that integrate transfers, cash, cards, and digital channels into a single platform. The company’s long-term vision is clear: to become the most solid payment infrastructure across Latin America.

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