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Kushki raises raises $86m Series B

Quito-based financial infrastructure provider raised $86m in Series B funding led by SoftBank and an undisclosed global growth equity firm.

“We never thought that we would return home [from the U.S.] and build a company that was more valuable in Ecuador than we had built in the U.S.,” said Aron Schwarzkopf, CEO and co-founder of Kushki. Schwarzkopf and his business partner, Sebastián Castro, previously built and sold a fintech called Leaf in the U.S. in 2014. The two are originally from Ecuador but moved to Boston for college, where they met watching soccer.

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kushki, ecuador, financial, infrastructure, series b