Prometeo Raises 13m For Latin American Fintech Expansion
Prometeo, a technological infrastructure firm connecting global businesses with Latin American financial institutions, has completed a $13 million Series A funding round. The round was spearheaded by Antler Elevate and saw participation from new investors such as PayPal Ventures, Samsung Next, and DN Capital partners, along with existing investors like Cometa and Magma Partners.
The raised capital will be utilized to enhance Prometeo’s offerings in banking data access and transfer payments across the region. Prometeo’s integrated banking software platform facilitates real-time, automated access to banking information and payments across over 283 financial institutions in 10 Latin American countries, all through a single API.
Ximena Aleman, Co-Founder and Co-CEO of Prometeo, emphasized the company’s vision of unifying Latin America’s diverse financial technological infrastructure under one API, streamlining financial operations throughout the region. This successful funding round affirms Prometeo’s significant role to date and positions it to capitalize on market opportunities, adding value to banks, fintechs, corporations, and partners alike.
Fady Abdel-Nour, a partner at Antler Elevate, praised Prometeo’s unique API, which grants banks and financial institutions access to payments and data across Latin America. Abdel-Nour expressed excitement over partnering with Ximena and Rodrigo to build a company that advances technology and empowers businesses to reach new success levels.
Prometeo’s flagship offering includes a robust platform for cross-border banking data aggregation, account validation services, and real-time transfer payments. The platform’s scalability, reliability, and commitment to the highest industry standards have made Prometeo a preferred choice for large corporations and rapidly growing startups in the financial industry.
Rodrigo Tumaián, Co-CEO & Co-Founder of Prometeo, highlighted their unwavering dedication to security and regulatory compliance. Prometeo’s meticulously designed platform architecture exceeds legal and compliance standards, ensuring a secure environment for clients’ financial operations.
Leveraging its robust platform and extensive API network, Prometeo aims to facilitate agile connections, fostering more integrated and efficient financial operations. This significant step positions the company as a key player in driving global financial connectivity, making Latin America more accessible and interconnected for international businesses.
