# KUSHKI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kushki

- Industry: Software
- Headquarters: Quito, Ecuador
- Website: www.kushkipagos.com/
- Total disclosed funding: $186M
- Latest round: Series B (Jun 7, 2022)
- Investors on record: 7

## About

Founded in 2017 by Aron Schwarzkopf (CEO), Sebastian Castro, Madeleine Clavijo, and Daniela Espinosa and based in Quito, Ecuador, Kushki Ecuador SA, aka Kushki offers a suite of payment platforms that enable digital payments in e-commerce purchases, centralizes collections, personalizes payment links, and tokenize credit card data for periodic charges. In June 2022, Kushki S.A. raised USD 100 in Series B funding led by returning investor Kaszek Ventures, with participation from Clocktower Technology Ventures, DILA Capital, and Softbank Latin America Ventures. The Series B valued the company at USD 1.5 billion post-money. Furthermore, in August 2022, Kushki acquired Billpocket from Soldiers Field Angels, Investo, Guadalajara Angel Investor Network, Redwood Ventures, and Axon Partners Group. As of 2024, Kushki also has offices in Europe, the US, Colombia, Chile, and Peru. Some of the company’s customers include Terpel, Fitpass, Payjoy, Apprecio, Claro, and others.

The company offers its primary product, Kushki, which offers a payment experience for both businesses and customers with support for multiple payment methods, including credit cards, debit cards, bank transfers, and cash. The firm’s custom integration solutions include APIs, libraries, plugins, Kajita, payment buttons, and smartlinks that enable businesses to integrate payment processing into their existing systems. Kushki helps businesses accelerate their conversion rates through shopping experiences, minimizing fraud, and managing risks. The company serves industries such as retail, education, tourism, utilities, and PSP.

The organization generates revenue through its pricing options, which cost USD 1,000 per month and include features like international payments, an anti-fraud module, integration support, installments and recurring charges, and more.

## Funding rounds

- Series B, Jun 7, 2022, $100M — Kaszek Ventures, DILA Capital, Clocktower Technology Ventures, Softbank Latin America Ventures
- Series B, Jun 1, 2021, $86M — Kaszek Ventures, DILA Capital, Magma Partners, Clocktower Technology Ventures, Softbank Latin America Ventures
- Series A, Mar 27, 2020 — Buenavista Equity Partners, Kaszek Ventures, DILA Capital, Magma Partners, Clocktower Technology Ventures
- Seed, Nov 1, 2018 — Magma Partners, DevLabs Ventures

## Investors

- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Seed, Series A, Series B
- DevLabs Ventures (https://capitalatlas.ai/funds/devlabs-ventures) — Seed
- Buenavista Equity Partners (https://capitalatlas.ai/funds/buenavista-equity-partners) — Series A
- Kaszek Ventures (https://capitalatlas.ai/funds/kaszek-ventures) — Series A, Series B
- DILA Capital (https://capitalatlas.ai/funds/dila-capital) — Series A, Series B
- Clocktower Technology Ventures (https://capitalatlas.ai/funds/clocktower-technology-ventures) — Series A, Series B
- Softbank Latin America Ventures (https://capitalatlas.ai/funds/softbank-latin-america-ventures) — Series B