MexicoBased Flat.mx Raises $20M from Startup Ann Azevedo for TechCrunch

Flat.mx, a Mexico-based startup, recently raised $20 million from Ann Azevedo of TechCrunch. The funds will be used for expanding their services, which includes the enhanced payment tools and user experience platform for developers. The goal of the startup is to create a more simplified experience for developers and businesses of all sizes in Mexico and Latin America.

What is Flat.mx?

Flat.mx is a Mexico-based payment platform that enables businesses and developers to create simplified payment solutions. The startup provides a single API that enables businesses to processes payments in multiple digital currencies and local payment options. Their technology also provides easy and secure checkouts for customers with multiple payment options.

The founder of Flat.mx is David Barrera, a former product manager at Visa, who has helped make digital payments accessible in Latin America. With the help of his team and the new funds raised, Flat.mx is gearing up to launch their platform in the region, beginning in Mexico.

Ann Azevedo’s Investment

Ann Azevedo of TechCrunch recently made an investment of $20 million in Flat.mx. Ann joins a group of other investors in the company. This includes KFund, a venture fund from Spain; accelerator accelerator NXTP Labs from Argentina; seedbacker seedbacker Jump Capital from the United States; and angel investor Ricardo Lopez from Mexico.

The funding round also included venture capital firms Seaya Ventures and Tupegalex from Mexico, and angel investors Ignacio Diego and Juanjo Nieto from Spain. All these investors have come together to provide Flat.mx the funds it needs to grow.

What Will the Funds be Used For?

Flat.mx will use the funds to launch its new payment platform in Mexico. The launch is planned for early 2019. Flat.mx also plans to expand its payment solutions to other countries in Latin America.

The company also plans to use these funds to develop new features and products, which will include improved user experience, tools for developers, and more. Flat.mx is also planning to professionalize its business structure, including hiring new employees.

Conclusion

Flat.mx, a Mexico-based startup, recently raised $20 million from Ann Azevedo of TechCrunch. This investment will allow Flat.mx to expand its payment platform, which will enable businesses and developers to create more simplified payment solutions. The company plans to use the funding to launch the platform in Mexico and expand to other Latin American countries.

FAQs

Q: What is Flat.mx?
A: Flat.mx is a Mexico-based payment platform that enables businesses and developers to create simplified payment solutions. The startup provides a single API that enables businesses to processes payments in multiple digital currencies and local payment options.

Q: Who invested in Flat.mx?
A: Ann Azevedo of TechCrunch recently made an investment of $20 million in Flat.mx. Other investors include KFund, NXTP Labs, Jump Capital, Ricardo Lopez, Seaya Ventures, Tupegalex, Ignacio Diego, and Juanjo Nieto.

Q: What will the funds be used for?
A: Flat.mx will use the funds to launch its payment platform in Mexico and expand to other Latin American countries. The company also plans to use the funds to develop new features and products, which will include improved user experience, tools for developers, and more.

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