Tiger Global and KASZEK led a USD24m round for Minka, a Colombian API payment network, with follow-on from Fintech Collective. Minka raised USD3m from Fintech Collective, Colle Capital Partners and the Collaborative Fund in May 2020.
(TechCrunch) – Bogota-based payments infrastructure startup Minka has secured $24 million in a funding round co-led by Tiger Global Management and Kaszek.
In an interview, CEO and co-founder Domagoj Rozic described Minka as “a seamless payment network built from the ground up.” The network was designed to connect separate legacy systems through blockchain concepts and APIs “to simplify the movement of complex money flows.”
In other words, Minka is an open network that aims to allow organizations such as banks and clearinghouses to “publish” and move money in real time by exposing their “closed, outdated core systems” to the web.
Read more at TechCrunch.