Aplazo, an omni-channel payment platform with headquarters in Mexico City, has secured $70 million in fresh equity funding, including a $45 million Series B. The company provides merchants with numerous payment options and commerce enablement tools to boost sales and expand their brands.
Investors
- QED Investors
- Oak HC/FT
- Kaszek
- Picus Capital
- Volpe Capital
Since its launch in late 2020, the company has raised over $100 million in equity financing and $75 million in committed debt funding. With the additional funds, it will continue to refine its product offering for both consumers and merchants and will intensify its focus on product innovation, which will include utilizing artificial intelligence (AI) to better understand merchant and consumer needs and to improve risk decisions.
About Aplazo
Under the direction of CEO Angel Peña and CRO Alex Wieland, Aplazo is a payment network that provides merchants with tools and payment solutions to increase sales and build their brands. With Aplazo, businesses may provide installment payment plans to the Mexican populace that lacks access to credit cards and is unable to make instantaneous or installment payments, saving them money on processing costs. In order to manage their businesses more effectively, merchants may take use of AI technologies and a marketing tech stack that are intended to remove commerce’s weak areas.