Payment startup Parco from Mexico wraps up undisclosed investment round led by Redwood Ventures

▤ Summary

Regardless of the actual investment amount, it looks like leadership at Parco will be using these funds to expand its business throughout key Mexican cities and abroad. For Ian Paul Otero, a managing partner at Redwood, he’s confident that Parco will succeed in its mission. “Parco is making the industry evolve and we’re excited to invest in a team that’s shown its ability to achieve excellent results so quickly. To solve these inconveniences, this startup from Jalisco began operations in 2017 to facilitate payments for parking and valets at various restaurants. This prepaid option allows customers to make cash payments at the nearest OXXO (the Mexican equivalent to 7Eleven) to replenish accounts.

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