# R2 Capital Technologies MX, S.A. de C.V.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/r2-capital-technologies-mx-s-a-de-c-v

- Industry: Software
- Headquarters: Mexico City, Mexico
- Website: www.r2.co/
- Total disclosed funding: $30M
- Latest round: Series A (Nov 28, 2024)
- Investors on record: 13

## About

Founded in 2020 and based in Mexico City, Mexico, R2 Capital Technologies MX, S.A. de C.V. operates as a software that uses machine learning to develop a lending infrastructure for small and medium businesses in Mexico, Colombia, Ecuador, and Chile. The company is backed up by General Catalyst Partners, 166 2nd Financial Services, Gradient Ventures, FEMSA Ventures, and PayU India, among others. In May 2023, R2 Capital raised USD 100 million in venture funding from new investor Community Investment Management. R2 Capital offers a lending infrastructure and capital to allow companies to offer financial services under their own brands. Its clients include last-mile service Rappi in Ecuador and Mexico’s Clip. The company's platform can be seamlessly integrated via APIs, it also offers loans for merchants ranging from USD 500 to USD 50,000. The company will use the April 2023 funding to expand and boost its lending capabilities and collaborations.

## Funding rounds

- Series A, Nov 28, 2024, $9M — Y Combinator, Endeavor Catalyst, Hi Ventures, Cometa, Gradient Ventures
- Series A, Sep 2, 2022, $15M — General Catalyst Partners, Magma Partners, Gradient Ventures, PayU India, FEMSA Ventures, 166 2nd Financial Services
- Seed, Feb 3, 2022, $5.9M — General Catalyst Partners, Y Combinator Management, LLC, Soma Capital Management, Emles Venture Partners, 166 2nd Financial Services

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Seed, Series A
- Y Combinator Management, LLC — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Emles Venture Partners (https://capitalatlas.ai/funds/emles-venture-partners) — Seed
- 166 2nd Financial Services — Seed, Series A
- Magma Partners (https://capitalatlas.ai/funds/magma-partners) — Series A
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Series A
- PayU India — Series A
- FEMSA Ventures (https://capitalatlas.ai/funds/femsa-ventures) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series A
- Hi Ventures (https://capitalatlas.ai/funds/hi-ventures) — Series A
- Cometa (https://capitalatlas.ai/funds/cometa) — Series A