About Cuenca
Cuenca is a company based in Mexico City (Mexico) founded in 2018 by Matin Tamizi.. Cuenca has raised $9.6 million across 3 funding rounds from investors including Stripe, FJ Labs and Kaszek. Cuenca operates in a competitive market with competitors including Klar, Bankaya, Miio and Fonlas, among others.
- Headquarter Mexico City, Mexico
- Founders Matin Tamizi
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.6 M (USD)
in 3 rounds
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Latest Funding Round
$7.4 M (USD), Series A
Nov 14, 2019
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Investors
Stripe
& 3 more
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Employee Count
Employee Count
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Funding Insights of Cuenca
Cuenca has successfully raised a total of $9.6M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.4 million completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $7.4M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Series A - Cuenca | Valuation | Stripe |
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| Jun, 2018 | Amount | Seed - Cuenca | Valuation | Kaszek , a16z |
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| Jun, 2018 | Amount | Seed - Cuenca | Valuation | FJ Labs |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cuenca
Cuenca has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Stripe, FJ Labs and Kaszek. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors by Kaszek.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cuenca
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cuenca
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cuenca Comparisons
Competitors of Cuenca
Cuenca operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Klar, Bankaya, Miio and Fonlas, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital banking services for individuals are provided via mobile app.
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| domain | founded_year | HQ Location |
Digital banking solutions are offered via an online platform.
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| domain | founded_year | HQ Location |
Digital banking services for consumers are provided via mobile apps.
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| domain | founded_year | HQ Location |
Provides blockchain-based banking app with instant transfers and secure notifications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Cuenca
When was Cuenca founded?
Cuenca was founded in 2018.
Where is Cuenca located?
Cuenca is headquartered in Mexico City, Mexico.
Who is the current CEO of Cuenca?
Matin Tamizi is the current CEO of Cuenca. They have also founded this company.
Is Cuenca a funded company?
Cuenca is a funded company, having raised a total of $9.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on Jun 01, 2018.
What does Cuenca do?
Cuenca was founded in 2018 in Mexico City, Mexico, as an internet-first bank focused on retailers. Operations are conducted through partnerships with established banks. Accounts are opened by users submitting government IDs. A prepaid card is issued along with a mobile app for handling online and offline purchases, money transfers, and cash withdrawals. The app is supported on iOS and Android platforms.
Who are Cuenca's investors?
Cuenca has 4 investors. Key investors include Stripe, FJ Labs, Kaszek, and Andreessen Horowitz.