About Kushki
Kushki is a company based in Quito (Ecuador) founded in 2017 by David Mattos, Sebastian Castro Galnares, and Aron Schwarzkopf.. Kushki has raised $186 million across 4 funding rounds from investors including Kaszek, Clocktower Technology Ventures and DILA Capital. Kushki has completed 2 acquisitions, including Billpocket and QVO. Kushki offers products and services including PayIns, PayOuts, API, and JS Library. Kushki operates in a competitive market with competitors including Stripe, Square, Flutterwave, PayU and Nuvei, among others.
- Headquarter Quito, Ecuador
- Founders David Mattos, Sebastian Castro Galnares, Aron Schwarzkopf
- Stage Minicorn
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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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- Legal Name Kushki Operadora S.A
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$186 M (USD)
in 4 rounds
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Latest Funding Round
$100 M (USD), Series B
Jun 07, 2022
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Investors
Kaszek
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Billpocket
& 1 more
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Products & Services of Kushki
Kushki offers a comprehensive portfolio of products and services, including PayIns, PayOuts, API, and JS Library. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for collecting payments through various integration methods.
Platform for secure disbursement of funds to suppliers and employees.
API for multiple payment methods to facilitate business transactions.
Library for customizable and secure payment forms.
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Funding Insights of Kushki
Kushki has successfully raised a total of $186M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $100 million completed in June 2022. 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 4
- Last Round Series B — $100.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2022 | Amount | Series B - Kushki | Valuation | Kaszek , Clocktower Technology Ventures |
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| Jun, 2021 | Amount | Series B - Kushki | Valuation | SoftBank Latin America Fund | |
| Mar, 2020 | Amount | Series A - Kushki | Valuation | DILA Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Kushki
Kushki has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Kaszek, Clocktower Technology Ventures and DILA Capital. 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 investments are directed toward multiple sectors by Kaszek.
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Founded Year | Domain | Location | |
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Venture capital firm focused on financial sector
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Founded Year | Domain | Location | |
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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 Kushki
Kushki has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Billpocket and QVO. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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API-linked payment gateways are provided for online transactions.
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2016 | ||||
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Provider of payment processing solutions for businesses
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Kushki
| 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 |
Kushki Comparisons
Competitors of Kushki
Kushki 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 Stripe, Square, Flutterwave, PayU and Nuvei, 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 |
Payment processing and card issuance solutions are provided for businesses.
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| domain | founded_year | HQ Location |
POS solutions are provided for retail businesses.
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are delivered to merchants and businesses.
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| domain | founded_year | HQ Location |
Provides payment processing, customizable stores, and marketplace for digital goods.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Kushki
Frequently Asked Questions about Kushki
When was Kushki founded?
Kushki was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Kushki located?
Kushki is headquartered in Quito, Ecuador. It is registered at Quito, Pichincha, Ecuador.
Who is the current CEO of Kushki?
Aron Schwarzkopf is the current CEO of Kushki. They have also founded this company.
Is Kushki a funded company?
Kushki is a funded company, having raised a total of $186M across 4 funding rounds to date.
What does Kushki do?
Kushki was founded in 2017 in Quito, Ecuador, as a fintech company focused on online payment processing. Services encompass credit cards, debit cards, bank transfers, and cash options for merchants. Recurring payments, custom API integrations, and security protocols are supported to facilitate secure transactions across Latin America. Operations emphasize scalability for e-commerce and digital businesses.
Who are the top competitors of Kushki?
Kushki's top competitors include Stripe, PayU and Flutterwave.
What products or services does Kushki offer?
Kushki offers PayIns, PayOuts, API, and JS Library.
How many acquisitions has Kushki made?
Kushki has made 2 acquisitions, including Billpocket, and QVO.
Who are Kushki's investors?
Kushki has 6 investors. Key investors include Kaszek, Clocktower Technology Ventures, DILA Capital, SoftBank Latin America Fund, and Magma Partners.
What is Kushki's valuation?
The valuation of Kushki is $600M as of Jun 2021.
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