# KiWi-BOP S.A. de C.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kiwi-bop-s-a-de-c-v

- Industry: Internet
- Headquarters: Mexico City, Mexico
- Website: www.conkiwi.com
- Total disclosed funding: $3.8M
- Latest round: Series A (Jan 17, 2019)
- Investors on record: 5

## About

KiWi-BOP S.A. de C.V. specializes in mobile point-of-sale (mPOS) solutions, providing businesses the ability to accept card payments seamlessly through Bluetooth-enabled devices connected to smartphones.Founded in 2014, KiWi-BOP S.A. de C.V. is based in Mexico City, Mexico, and focuses on mobile payment solutions. The company has raised CHF 3.2 million in funding during its SERIES A round on January 17, 2019, co-led by investiere and Polytech Ventures, with additional participation from 1to4 Foundation and Symbiotics Asset Management. The founding team includes Christian Sinobas and Pablo Ludlow, with Christian Sinobas serving as CEO. The company has successfully completed 2 deals to date.KiWi primarily offers mobile point-of-sale (mPOS) solutions that empower businesses to accept card payments through Bluetooth-enabled card readers connected to smartphones. Their main products, KiWi MAX and KiWi Lite card readers, facilitate processing of national and international debit and credit card transactions. The service targets small to medium-sized businesses, enhancing payment acceptance capabilities without high fees or long-term contracts. KiWi also provides features such as installment payments (3, 6, 9, or 12 months), catering to diverse sectors including retail, services, and food trucks, mainly in urban Mexico with plans for expansion into Latin America.KiWi generates revenue through transaction fees, charging a commission of 3.2% plus VAT on each transaction processed via their card readers for the first 12 months. The business utilizes a direct-to-consumer model, where companies purchase card readers and conduct transactions using the KiWi app, allowing for effective management of payment processing costs. Additional revenue streams include mobile top-ups and utility bill payments, enhancing customer loyalty and engagement.Following the SERIES A funding of CHF 3.2 million raised on January 17, 2019, KiWi plans to invest in the development of new product offerings and expansion into new markets. The company aims to enhance its mPOS solutions and broaden its geographical footprint, particularly targeting other countries in Latin America to diversify its market presence. Specific timelines and product launch details have not been disclosed.

## Funding rounds

- Series A, Jan 17, 2019, $3.2M — investiere, Symbiotics Asset Management, Polytech Ventures, 1to4 Foundation
- Seed, Mar 16, 2017, $0.5M — 1to1 Venture Partners

## Investors

- 1to1 Venture Partners (https://capitalatlas.ai/funds/1to1-venture-partners) — Seed
- investiere — Series A
- Symbiotics Asset Management — Series A
- Polytech Ventures (https://capitalatlas.ai/funds/polytech-ventures) — Series A
- 1to4 Foundation — Series A