Mexico digital payments and commerce platform raised $250m in Series D funding at a $2b valuation co-led by SoftBank and Viking Global Investors.
“We are planning to grow aggressively and hire about 320 people in the next 18 months,” Babatz said in a video interview from Mexico city. He said acquisitions are possible to attract “the best talent possible.” The potential is big: Mexicans have about 1.5 cards per person, on average, but only use them for roughly 40 transactions a year because there are so few places that accept them, Babatz said. Of the almost 11 million businesses in Mexico, only about 1 million accept card payments, he estimated.