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Argentine fintech company Tapi completes $20 million Series A financing, with participation from a16z and others

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Argentine fintech company Tapi has completed a $20 million Series A financing round, led by Kaszek with participation from Andreessen Horowitz (a16z). Tapi co-founder and CEO Tomas Mindlin said the company is expanding its business in Mexico.Tapi is a payment processor for large Latin American consumer platforms such as Mercado Pago and cryptocurrency exchange Lemon. The company expects to process around $400 million in payments across five countries it operates in this year, quadrupling by 2023. The company has around 70 employees, mostly based in Argentina. The CEO said total payment volume is expected to grow fivefold by the end of this year, reaching 10 million transactions per month. Tapi's payment processing technology aims to help fintech companies serve customers in multiple countries.

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