Kapital Grupo Financiero, an AI-based platform that develops products and services specifically designed to optimize companies’ finances, announced the closing of its $86 million Series C financing round, led by Tribe Capital and co-led by Pelion Ventures, with participation from Y Combinator, Marbruck Ventures and True Arrow.
With this transaction, the company doubled its valuation to US$1.3 billion in less than two years, reaching unicorn status, that is, a private technology-based company with a valuation of more than US$1 billion. It is the second Mexican neobank to achieve this status during 2025, the first of which was Plata, a fintech that offers credit cards especially to the unbanked.
The capital raised in this round by Kapital Bank will go towards building the company’s unified financial ecosystem, based on AI. Throughout its history the bank has received $471.1 million, according to Crunchbase.
From its inception, Kapital was conceived as a technology-based bank, structured from the ground up as a financial infrastructure. This strategy has allowed it to acquire financial institutions and rebuild them on its own platform. The result is reflected both in the scope of its balance sheet, which boasts $3 billion, and in its 300,000 clients across the United States, Mexico and Colombia.
Interviewed by Contxto earlier this year, René Saúl, CEO and co-founder of the company, said that Kapital Bank had managed to consolidate itself as a relevant player in the Mexican market. It started as a fintech and, after acquiring Banco Autofin, has focused its strategy on serving small and medium-sized enterprises (SMEs), a key sector for the economy.
Saul said that in 2024 the bank granted more than 33,000 guaranteed loans, benefiting more than 100,000 clients with financing exceeding 22 billion pesos. In addition, it doubled its loan portfolio, reaching 6,291 billion pesos, and processed more than 300 million invoices through its digital platform.
A profitable digital bank
Alongside the financing announcement, the fintech boasted that it reached profitability. “Kapital Grupo Financiero reached profitability in less than two years and our growth continues to accelerate. By adopting a regulatory approach, the company sets a new standard for technology banking in the region,” said Saul in the announcement of the investment.
Kapital’s CFO, Fernando Sandoval, added: “Our model is based on the ability to modernize infrastructure through advanced AML/KYC compliance, machine learning and AI-driven risk systems.”
In 2024, the World Economic Forum recognized Kapital Financial Group as a Technology Pioneer. In addition, that same year it was included in the CNBC Disruptor 50 list.
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