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ABANZA Raises $5 Million in Pre-Series A Funding

ABANZA, a provider of digital banking and embedded finance tools for Latin American SMEs, secured $5 million in pre-Series A funding to bolster its expansion plans and product development.

The funding round was led by fintech-focused venture capital firm, QED Investors, with participation from existing investors, Kaszek Ventures, and 20VC.

The company plans to utilize the fresh capital to accelerate its expansion across Mexico, Colombia, and other markets in the region. Additionally, ABANZA will invest in enhancing its product offerings, including the development of new features and the integration of additional financial services into its platform.

ABANZA has experienced rapid growth since its launch in 2021 and has quickly established itself as a leading provider of digital banking services to SMEs in Latin America. The company's platform offers a suite of tools that help businesses manage their finances, access credit, and automate back-office processes.

The digital banking market in Latin America is poised for significant growth, driven by the increasing adoption of smartphones and the rising number of SMEs in the region. ABANZA is well-positioned to capitalize on this opportunity and continue its expansion in the coming years.

“We are thrilled to have the support of QED Investors and our existing investors as we continue our mission of providing access to essential financial services for SMEs in Latin America,” said Eduardo Morelos, CEO of ABANZA. “This funding will enable us to accelerate our growth plans and further enhance our product offerings to meet the evolving needs of our customers.”