Kushki
Founded Year
2017Stage
Series B - III | AliveTotal Raised
$200MValuation
$0000Last Raised
$100M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+103 points in the past 30 days
About Kushki
Kushki is a payment technology company that specializes in digital payment solutions across various sectors. The company offers a suite of services, including processing of credit and debit card transactions, bank transfers, cash payments, and tools for recurring billing and payment links, all designed to facilitate seamless financial transactions for businesses. Kushki primarily serves sectors such as e-commerce, education, tourism, and utilities. It was founded in 2017 and is based in Quito, Ecuador.
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Kushki's Product Videos
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Kushki's Products & Differentiators
Kajita
Our kajita is the fastest way to integrate all payment methods on your website.
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Research containing Kushki
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Kushki in 1 CB Insights research brief, most recently on Nov 17, 2022.
Expert Collections containing Kushki
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Kushki is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,257 items
Payments
3,082 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
13,559 items
Excludes US-based companies
Latest Kushki News
Dec 10, 2024
Keep up to Date with Latin American VC, Startups News Kushki, an Ecuadorian fintech unicorn, initially began as a payment service provider (PSP) eight years ago. Last year, the company shifted its business model to include physical payment methods, becoming the first non-bank regional acquirer in Latin America. Kushki now operates as an acquirer in Colombia, Peru, Mexico, and Chile, holding licenses from Visa and Mastercard. Rodrigo Quijada, Kushki’s country manager in Chile, highlighted this development during the Chile Fintech Forum in Santiago. He explained that once a customer in Chile contracts Kushki’s services, they are automatically integrated into the company’s network across all operating countries, eliminating the need for separate negotiations in each country. In line with this aggressive growth strategy, Kushki aims to expand “card-present” transactions, allowing users to utilize physical cards at POS terminals. This expansion leverages the expertise acquired from purchasing Mexican company Billpocket two years ago, which has over 500,000 terminals in operation. Focus on Key Markets Kushki prioritizes its operations in Chile and Mexico, where it sees the most interest and opportunity. Quijada emphasized that Kushki offers a unique regional acquiring experience, unlike other providers who require separate contracts for services in each country. Future Trends Looking ahead, Quijada identified three key trends: the digitalization of points of sale (POS), omnichannel capabilities, and frictionless security. Digitalization of POS: This involves equipping vendors with advanced machines that support various payment methods beyond just cards. Improved accessibility and technology are crucial for this transformation. Omnichannel Capabilities: Vendors seek the ability to accept payments in different currencies and methods, including POS, e-commerce, real-time payments, and cash. Quijada noted significant potential in expanding these capabilities. Frictionless Security: Security measures must ensure safe transactions without adding complexity. Technologies like facial biometrics and 3D Secure are promising solutions for achieving this balance. Kushki’s expansion and strategic focus on regional acquiring and advanced payment technologies position it as a leader in the evolving Latin American fintech landscape.
Kushki Frequently Asked Questions (FAQ)
When was Kushki founded?
Kushki was founded in 2017.
Where is Kushki's headquarters?
Kushki's headquarters is located at Avenida de los Shyris N34-152 y Holanda, Edificio Shyris Center, Quito.
What is Kushki's latest funding round?
Kushki's latest funding round is Series B - III.
How much did Kushki raise?
Kushki raised a total of $200M.
Who are the investors of Kushki?
Investors of Kushki include DILA Capital, Clocktower Technology Ventures, Kaszek Ventures, SoftBank Latin America Fund, Magma Partners and 4 more.
Who are Kushki's competitors?
Competitors of Kushki include puntored, Stripe, Conekta, TAP, Tilo and 7 more.
What products does Kushki offer?
Kushki's products include Kajita and 4 more.
Who are Kushki's customers?
Customers of Kushki include RAPPI, Claro – América Móvil and Justo.
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Compare Kushki to Competitors
Pomelo specializes in fintech infrastructure and focuses on card issuance and payment processing within the financial sector. It provides a native cloud platform that enables businesses to launch and scale credit, debit, and prepaid card services through a single API integration. Pomelo's solutions are utilized by various companies, including tech unicorns, to issue and manage card programs in Latin America. It was founded in 2021 and is based in Buenos Aires, Argentina.
Conekta specializes in online payment processing within the financial technology sector. The company provides a platform that enables businesses to accept payments via credit cards, cash, and bank transfers through various integration methods. Conekta's services cater to a diverse range of businesses looking to facilitate online transactions. It was founded in 2012 and is based in Mexico City, Mexico.
Mangopay is a provider of modular and flexible payment infrastructure services within the fintech sector. The company offers a suite of financial technology solutions including e-wallets, payment processing, payouts, identity verification, fraud prevention, and foreign exchange services. These services cater to various sectors such as C2C, B2B, and B2C marketplaces, as well as rental and retail platforms. It was founded in 2013 and is based in Luxembourg, Luxembourg.
EasyPay is a payment gateway that specializes in providing innovative payment solutions within the financial technology sector. The company offers services that facilitate single, recurring, and subscription payments, and accepts a variety of payment methods including Multibanco, MB Way, Visa, MasterCard, and virtual IBAN transactions. EasyPay primarily caters to marketplaces, ecommerce platforms, financial institutions, and non-profit organizations. It was founded in 2000 and is based in Lisbon, Portugal.
Rapyd is a fintech company. It specializes in global payment processing and financial technology solutions. The company offers a platform for businesses to accept payments online, send payouts, and manage multi-currency accounts, with a focus on simplifying financial transactions across borders. Rapyd's services cater to various sectors, including eCommerce, marketplaces, and the gig economy. Rapyd was formerly known as CashDash. It was founded in 2016 and is based in London, United Kingdom.
Till Payments is a global fintech company that operates in the payments industry. The company provides a range of payment solutions, including online and in-person payment processing, as well as a consolidated platform for managing transactions and payment methods. Its services are primarily used by businesses across various sectors to streamline their payment systems. Till Payments was formerly known as SimplePay. It was founded in 2012 and is based in Macquarie Park, Australia.
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