[Funding News] Mexico City-based Aplazo Secures $70Million in Additional Equity Funding

The equity investment was headed by QED Investors, with participation from Oak HC/FT, Kaszek, Picus Capital, and Volpe Capital, a new investor.

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 utilising artificial intelligence (AI) to better understand merchant and consumer needs and to improve risk decisions.

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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.

About Aplazo

Aplazo, They are a platform that provides marketing tools and "buy now, pay later" payment options so that online and brick-and-mortar companies may offer their customers the option to pay for their purchases in installments.