Kamay Ventures Invests in the Fintech Company INI
Summary
In this context, INI developed its as-a-service and white-label payment infrastructure that offers a platform with financial tools that reach both urban centers, where networks may be collapsed, for example, due to a massive event; as to areas where the internet connection is limited or non-existent. With capital injections like the one from Kamay Ventures, we can strengthen our products and services, and expand our operations to the rest of the region, said Enrique Cort\xe9s Funes, co-founder and CEO of INI.Along with customization, the collection application also offers Android POS terminals and access to microcredit. Likewise, it improves collection at points of sale and is regulated by PCI standards to provide a service that prioritizes data security and the protection of all transactions.Currently, the startup operates from its headquarters in the United States and its services extend in Mexico and Argentina to clients such as Shell, Banco Comafi, Diario La Voz, Coca-Cola Latin America, and Grupo Arcor.Together with Kamay Ventures, INI will seek to scale the business and continue its strategic plan:The company will gradually start operations in Colombia, Chile, Peru, and Brazil; increase the hiring of human talent and strengthen the sales teams so that they overcome the challenges of each market. The fund will also provide validation and opportunities to generate strategic alliances to access competitive rates through integration via API with different acquirers and local connection interfaces.INI is the third investment by Kamay Ventures in financial services, accompanied by the Mexican startup Retypay and the Ecuadorian Altscore, proposals that change the relationship between businesses and users with credits and payments, and reverse how this infrastructure is conceived in a region where cash still dominates. Its disruptive approach is added to the other projects in the portfolio: Wiagro, Auravant, Zippin, Kilimo, Webee from Argentina; Ruedata is Colombian-Mexican; BACU from Colombia; and Aerialoop from Ecuador.DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates.