Chile based embedded lending company raised $9m in Series A funding led by Hi Ventures.
“The equity investment from Hi Ventures and Cometa is a testament to our strong growth, best-in-class risk management, and the financial inclusion generated through our seamless, API-first integrations with Latin America’s leading platforms”, said Roger Larach, R2’s Co-Founder and CEO. “The capital enables us to double down in our core revenue-based financing product, while also building towards the end goal, which is to provide a suite of financial services - lines of credit, credit cards, debit accounts, instant payouts, and insurance - to users at the point of need, right on the platforms they use on a daily basis”.