Higo Raises $3.3 Million For Cloud B2B Payments

The company was founded in January 2020 by Rodolfo Corcuera Meier, Juan Jose Fernandez Gallardo and Daniel Tamayo. Recently, the company raised $3.3 million from U.S. investors, including Homebrew, which led the round. “In Mexico, small businesses mostly handle payables with nothing more than spreadsheets and email and legacy bank accounts,” CEO Corcuera said. A portion of the country’s businesses are “informal” and make up 23 percent of the gross domestic product (GDP). With our platform, invoices are automatically populated so businesses can have visibility into what has to be paid, what vendors they owe and when they owe.” The digitizing can make for a faster experience, according to Dylan Jones, vice president of operations and corporate payment solutions at WEX, PYMNTS wrote.