NEW YORK, Dec. 15, 2023 — TG.Casino ($TGC) has raised $4 million as its Telegram-based crypto casino goes from strength to strength after seeing more than $45 million wagered on the platform, with its presale heading for a sellout.

Total deposits on the casino, live events and sportsbook platform have surpassed $4.5 million, and the player count is nudging 3,000. Meanwhile, the number of subscribers to its Telegram channel has mushroomed beyond the 11,000 mark.

Competitor Rollbit is getting worried as it looks over its shoulder at the new upstart threatening to eat its lunch.

Forty percent of the total token supply of 100 million $TGC is on offer to the public in presale. The token price increases by $0.005 every five days until the hard cap of $5m is reached.

There are two days to go before the next increase, with the $TGC token currently priced at $0.185. The presale is now more than 80% completed.

https://x.com/TGCasino_/status/1735437411985789406

TG.Casino is shaping up to be the next GameFi crypto to explode, just like Rollbit. The new gambling and gaming ecosystem has a number of advantages over Rollbit, such as fee-free passive income from staking.

In addition, it is head and shoulders above Web2 legacy online casinos as far as onboarding and ease of use go. TG.Casino players can gamble easily using their Telegram account and a crypto-funded wallet to get up and running.

Furthermore, buy the $TGC token in presale and you can immediately stake your newly purchased tokens to earn a generous 158% (APY). There are also exclusive benefits for presale buyers active on the platform.

After launch NFTs will be made exclusively available to presale buyers, plus juicy rewards for high-roller presalers who invest $5,000 or more.

Whales are buying $TGC – maybe you should too

As the TG.Casino closes in on its hard cap goal of $5 million the rate of fundraising is accelerating all the time, so there really is no time to lose to lock in the lowest prices and avoid disappointment if the presale closes early.

Whale buyers are turning up in force to make sure they get a piece of the action. On December 7 one whale purchased 14 ETH worth of $TGC, which at the time was valued at $31k:

https://x.com/TGCasino_/status/1732883625916366878

The following day another whale turned up, this time putting down $56k worth of ETH (23.88) to secure their pot of $TGC tokens:

https://x.com/TGCasino_/status/1733246259245220113

Unlike many presales, TG.Casino already has a product in the market that is attracting users and generating revenue. If you are among the growing band of gamers already using TG.Casino, then you can benefit from the new referral program in which 10% commission can be earned on all invited players:

https://x.com/TGCasino_/status/1732791742515065312

And if that is not enough enticement to get involved in the casino, live events and sportsbook platform, there is also an airdrop, which the team announced on November 10 of 16% of the total token supply, taking place in four stages. Full details are available on Telegram.

https://x.com/TGCasino_/status/1726605371891204340  

TG.Casino is safe and secure –  licensed, audited, and KYC‘d

TG.Casino is one of the few Telegram casinos that can boast a Curaçao gambling license, making it a safe bet for investors and players alike.

The project is also verified by Assure DeFi and was issued with its KYC certificate in November. The KYC certificate means the team member managing the verification application has passed rigorous and multiple ID checks –  a far more robust process than checking ID details on professional social networks like LinkedIn.

In addition, security firm Coinsult has conducted an audit of the project‘s smart contract and no major issues were flagged.

Crypto media is lining up for the next big thing in GameFi

Leading crypto experts and analysts are cheering for TG.Casino as the next big thing in GameFi, presumably because they see the attractiveness of its many unique selling points.

Crypto influencers making a noise for TG.Casino include Eric Cryptoman, Poe, Sibel, Erik Stevens, CTM, CheatCoiner, Wizard of Soho and Dogen.

Indeed, Eric Cryptoman has invested his own money in the project, such is his commitment and belief, but do your own research.

A recent X post shows that he is confident that TG.Casino has what it takes to take market share from Rollbit:

https://x.com/IHunt100xGems/status/1725169763536589158  

TG.Casino‘s buyback and staking rewards eclipse Rollbit

The TG.Casino platform has a unique buyback program that allows $TGC token holders to effectively share in the profits made by the platform.

A percentage of daily profits will be used to fund a buyback mechanism in which 40% of the allotted funds get burned and 60% to community rewards. The burn program is price-supportive because it increases the scarcity, and therefore the value, of the remaining $TGC tokens.

Meanwhile, those who choose to buy and stake today can earn 158% annual percentage yield (APY). Nearly 76% of all purchased $TGC has now been staked and rewards of nearly 5 million $TGC has been paid out. 20.2 million $TGC tokens have been staked. Total rewards paid out amounts to 5,764,906 $TGC at the time of writing.

The APY is set dynamically, depending on how much is deposited into the staking contract and the proportion held in each wallet.   

Rollbit ($RLB) hit its all-time high price on November 14 of $0.2957 but has since fallen to $0.1948. However, in line with other altcoins it has been pumping of late, up 19% in the past 24 hours.

Rollbit coin is up more than 20,000% since July last year according to Coinmarketcap data, so imagine how high TG.Casino‘s price could go, given its many advantages over $RLB.

Rollbit‘s continuing success is indicative of the value being created in the crypto gaming sector. Blockchain technology is perfectly suited to provide the transparency and security required to assure trust ino online gambling products.

Although Rollbit does offer reduced fees for $RLB holders, and if token holders stake $RLB they are rewarded with entry into its lotteries, there is no passive income stream like TG.Casino‘s.

Also, Rollbit has no high-roller rewards, providing TG.Casino with yet another competitive edge.

Presale high-roller rewards are enticing:

If you buy $5,000 or more $TGC tokens in the presale you will receive these major NFT rewards:

• 50% staked tokens bonus from buybacks
• 10% casino credits 5x wagering
• 5% rakeback on house edge every week (double for $TGC)
• Seasonal rewards
• Commemorative limited edition NFT

The staked token bonus multiplies the staking rewards from token buybacks, which start when the token launches. Reward distributions begin when $TGC is launched.

There are two more high-roller reward tiers for players wagering $100,000 or more (Gold) or $250,000 or more (Diamond).

200% rakeback and 25% net cash-back for bets placed with $TGC – price could pump 100x

Helping to fuel user growth has been the 200% rakeback bonus of up to 10 ETH. Players are able to place bets across the TG Casino bot using top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and stablecoin Tether (USDT).

However, players betting using the $TGC token become eligible for a 25% cashback on net losses.

Net cashback on losses and the 200% rakeback bonus incentivizes buy pressure for $TGC while offering a chance to balance high-risk wagers with a layer of protection.

Keeping you in the game for longer, crypto gambling enthusiasts are now flocking to the TG Casino platform to make the most of their gambling balance.

Stay in touch with TG.Casino on its Telegram channel and X accounts so you never miss the latest presale news and product developments.

YouTuber Crypto V.O. has told than 300,000 subscribers, thinks TG.Casino will be ‘the next 100x presale gem‘. With 16,000 having watched his video there are likely many more who now agree with him:

Is This the Next 100x Pre-sale Gem?

Another crypto YouTuber making a name for himself reckons TG.Casino could be the ultimate crypto game-changer.

Crypto media is taking notice too. Coinpedia, Business Insider, Cryptonews and Finbold are some of the financial media outlets covering the latest GameFi sensation.

With revenues already exploding, TG.Casino is one of the best altcoin opportunities for life-changing returns on investment from a relatively modest outlay, but FOMO is building so there‘s no time to lose.

Media contact: pr@tg.casino

Photo: https://mma.prnewswire.com/media/2302011/TG_Casino_4m.jpg

SOURCE TG.Casino

TOKYO, Dec. 15, 2023 — BLOCKSMITH&Co. (Head office: Minato-ku, Tokyo; CEO: Tetsuya Sanada; hereinafter “BLOCKSMITH”) is pleased to announce that it has raised funds from MZ Web3 Fund, SAKURA UNITED PLATFORM and others through the issue of SAFE-type share options as part of an Angel Round (2nd close and ongoing).

• Background

Until now, the parent company KLab Inc. and its founder and president, Tetsuya Sanada, have owned 100% of the company’s capital, but this angel round marks the first time that capital has come from outside the company. BLOCKSMITH aims to list its shares, which is unusual for a web3-related company, and the funding is part of the company’s efforts to strengthen its capital structure and finances in preparation for a listing.

Funds raised are used for product development, research and development, etc.

BLOCKSMITH has a proven track record of blockchain-related development and operations, including the provision of CAPTAIN TSUBASA -RIVALS- to Thirdverse Group (now Mint Town Co., Ltd) in January 2023. In addition to the development of blockchain games, the company is also focusing on the development of related technologies, including the establishment of AI Lab in April 2023 and the announcement of a business partnership on the Facial Recognition Web3 Wallet in September 2023.

(Reference) Companies participating in 1st close
SBI Group,
Headline Asia,
Governance Partner,
J-CAM Corporation,
And others

More info: https://www.blocksmithand.co.jp/en/news/140

About BLOCKSMITH&Co.

Company Name: BLOCKSMITH&Co.
President and CEO: Tetsuya Sanada
Establishment: April 1, 2022
Capital: 14,999,950 JPY
Head office: Roppongi Hills Mori Tower, 6-10-1 Roppongi, Minato-ku, Tokyo, 106-6122
Business: Development and distribution of products such as blockchain technology and crypto assets utilising NFTs
URL：https://www.blocksmithand.co.jp/en/

【SNS】

【Contact】

BLOCKSMITH＆Co. Contact
[email protected].jp
https://form.run/@blocksmithand-inquiry-en

SOURCE BLOCKSMITH&Co.

The new capital will be used to support bringing Tetra’s clean energy solution into New York and California

NEW YORK, Dec. 14, 2023 — Tetra, a rapidly growing home services company helping homeowners transition from fossil fuels to clean energy, announced that it raised a $10.5 million seed funding round led by Greycroft, Gutter Capital, Lerer Hippeau and 1sharpe Capital. The funds will be used to expand Tetra’s offering into new markets including New York and California, and to continue investment into developing its proprietary technology designed to make it easier and more affordable for homeowners to lower their carbon footprint.

Rising energy costs and weather extremes are driving increasing demand for more efficient home energy solutions. Federal and state governments are further catalyzing demand for clean energy technologies by providing rebates and credits to encourage households to install home upgrades that increase energy efficiency and manufacturers are responding with new, more efficient devices. However, the rush of new technologies and newly available government incentives are leaving homeowners confused, while home improvement contractors are left ill equipped to help guide homeowners through the changing landscape. Tetra is on a mission to make it simple for homeowners to navigate the complex process of transitioning to more cost-efficient home heating and cooling solutions.

Tetra has developed the technology that allows homeowners to enter their address, get an instant price, and see what state and federal incentives are available to them. Tetra’s end-to-end platform then matches customers with a qualified and vetted local contractor and creates efficiency along each step of the process. By redesigning and modernizing the home heating and cooling buying process, Tetra creates cost savings of up to 30% compared to the average contractor and passes the savings to the homeowner.

“Millions of homeowners are interested in making improvements to their home heating and cooling but feel overwhelmed by the process,” said Max Veggeberg, CEO and Founder at Tetra. “We are making the right choice, an easy choice, by leveraging our proprietary technology, installer network, and newly available government incentives to help guide thousands of American households who are eager to do their part in reducing their carbon footprint.”

Prior to founding Tetra, Veggeberg was the founder and CEO of HomeWorks Energy, which he grew to over $100M in revenue. Under his leadership, HomeWorks became the largest driver of consumer adoption of home energy efficiency initiatives in Massachusetts through Mass Save. The new federal Inflation Reduction Act has been modeled closely to the Mass Save program, allocating billions of dollars in incentives to help homeowners make the switch to high-efficiency systems.

“Consumers want an affordable, environmentally friendly choice when replacing their heating and cooling system. The challenge has been navigating the myriad of technology options and government incentives. Tetra makes this task simple by automatically showing the best option and providing a seamless buying and installation process,” said John Elton, Partner at Greycroft. “Veggeberg and the Tetra team have made a very difficult task look simple. This can only be accomplished with a deep understanding of the market coupled with a dedicated team trying to solve it. We are excited about the future of Tetra given this positioning.” As part of the investment, Elton will join Tetra’s Board of Directors.

The team will continue to invest in simplifying the consumer transaction experience while also improving administrative burdens on installers by automating end-to-end workflows from sales, to inventory management, system design, and installation. “This funding positions Tetra at the forefront of a shift in heating and cooling among consumers looking to save energy and reduce their climate impact,” said Isabelle Phelps, Partner at Lerer Hippeau, who has also joined Tetra’s board.

“Every American household must participate if we are going to have a clean energy revolution in this country, at all levels of income and sophistication,” said Dan Teran, co-founder of Gutter Capital and Tetra Board member. “We are excited to continue supporting Max and his exceptional team to build a business this country desperately needs. By providing a high efficiency, low cost solution with an amazing customer experience the Tetra team has an opportunity to accelerate the clean energy transformation in America.”

About Tetra: 
Tetra is leading the clean energy transformation by empowering homeowners to switch from fossil fuel heating and cooling systems to high-efficiency heat pumps. Tetra provides the top environmental options to homeowners, improves their experience, and coordinates the installation of home improvement projects. In doing so, Tetra is superpowering contractors by automating administrative tasks and allowing them to deliver installation excellence and customer happiness.

Press contact:
[email protected]

SOURCE Tetra

NORWALK, Conn., Dec. 14, 2023 — Heartwood Partners^® is pleased to announce that Heartwood Partners IV, LP completed a majority investment in Bush Brothers Provision Co. (“Bush Brothers” or the “Company”) on July 7, 2023.

Bush Brothers is a fifth-generation family-owned business and the owners retained a meaningful investment in the Company. “We are tremendously excited about our partnership with Heartwood Partners and look forward to working together on our next chapter of growth. We feel that their unique focus on establishing a strong balance sheet and their experience scaling businesses will enable us to substantially accelerate our growth plans. It is clear that Heartwood understands what makes Bush Brothers unique in our industry and supports our commitment to unrelenting service for customers and the preservation of our family business culture,” stated Curtis Bush, President and fifth-generation owner.

The Company is headquartered in West Palm Beach, FL and provides premium protein products to a customer base of fine-dining restaurants, hotels, country clubs, mega yachts, and private chefs in Florida and the Caribbean. As a USDA-Inspected processing facility, Bush Brothers is able to source the highest quality protein products, and then process, portion, trim, and package that product to meet each customer’s exacting specifications with an unmatched level of craftsmanship and service. Please visit the Bush Brothers website at www.bush-brothers.com to learn more about this Company’s family roots and product offering.

“Bush Brothers has leveraged almost 100 years of experience in the protein industry to become the distribution partner of choice for some of the most demanding fine-dining customers in Florida and the Caribbean,” said Ed Tan, Partner, Heartwood Partners. “We are eager to invest in the Company’s future growth by partnering with management to rapidly increase production capacity so that Bush Brothers can offer more products to their existing customers and to present the Company’s highly successful business model to more customers throughout Florida and beyond.”

Heartwood Partners (www.heartwoodpartners.com), located in Norwalk, Connecticut, is a middle market private equity firm founded in 1982. Heartwood is differentiated by a unique lower-leverage, distribution-yielding approach to private equity, which is designed to create equity partnerships with continuing management. Our approach combines this conservative capital structure investment focus with strategic execution to support long-term growth, including organic and acquisition-driven expansion into new products, services, and end markets. We currently manage over $1.7 billion in investments and commitments and our principals have invested in more than 100 platform and add-on acquisitions. Presently, Heartwood is investing from Heartwood Partners Fund IV, LP which closed in September 2023 and is focused on family and management-owned companies operating in a variety of end-markets including industrial manufacturing, specialty chemicals, packaging, food and agriculture, distribution, and industrial and environmental services.

Bush Brothers Provision Company (www.bush-brothers.com) is a fifth generation, family-owned meat packing and distribution company, located in West Palm Beach, FL since 1925. The Company offers regular delivery throughout Florida, as well as export service to the Caribbean and Central and South America. Bush Brothers focuses on high-end, center-of-the-plate offerings across several protein categories, including beef, poultry, lamb, pork, and wild game. From its founding, Bush Brothers has worked tirelessly to build and maintain a reputation for excellent quality and superb service. The Company is proud to count among its customers some of the country’s most luxurious hotels, exclusive country clubs, finest restaurants, and discerning private chefs.

SOURCE Heartwood Partners

DENVER, Dec. 14, 2023 — Bayswater Exploration & Production (Bayswater) is pleased to announce the unanimous approval of its Opal Coalbank Oil and Gas Development Plan (OGDP) by the Colorado Energy & Carbon Management Commission (ECMC), formerly known as the Colorado Oil and Gas Conservation Commission (COGCC).

“We are delighted with the unanimous approval of the Opal Coalbank OGDP, and that Bayswater continues to demonstrate our ability to responsibly develop oil and natural gas under stringent Colorado rules,” said Steve Struna, Bayswater President and CEO.

The Commission was complimentary of Bayswater’s thorough OGDP application, highlighting the commitments to additional BMPs, and timing stipulations to ensure compliance with Colorado Parks & Wildlife’s (CPW) high priority habitat policies. “I appreciate that there was a [wildlife] consultation that occurred and that timing stipulations were agreed to as part of that consultation with CPW,” said Commissioner Messner.

Commissioner Cross also echoed praise, stating, “I appreciate the time that was spent on this plan and the steps that you’ve taken not just in coming back, but with the BMPs that were proposed from the beginning.”

The Commission unanimously approved the Opal Coalbank OGDP application with several additional commitments made by Bayswater during the hearing, including but not limited to electrifying all production equipment on the facility, agreeing to timing stipulations for CPW compliance, and utilizing Tier IV or equivalent engines for 95 percent of completion activities and 90 percent of production activities.  

“We appreciate the ECMC and their continued commitment to high standards for oversight, ensuring Colorado remains the national model for responsible oil and natural gas production,” said Struna. “The Opal Coalbank OGDP approval is the second application we have successfully completed through the permitting process in 2023, with the first approval occurring in June 2023. We remain hopeful the new permitting process can be further streamlined to allow shorter and more predictable permitting cycle times to encourage more responsible operators to invest in Colorado.”

The approved Opal Coalbank Development is planned for 24 new horizontal wells located in unincorporated Weld County, Colo. This is Bayswater’s fifth OGDP application approved by the Commission since Colorado’s new regulatory framework was implemented. These five approved Bayswater permits encompass a total of 115 planned horizontal wells in the Denver Julesberg (DJ) Basin, and the totality of Bayswater’s Fund IV operations. Bayswater expects to commence drilling operations on the Opal Coalbank location as early as September 2024.

Bayswater is a private oil and natural gas exploration and development company employing multiple Best Management Practices focused on emission reductions and committed to responsible energy development and the belief that the development of oil and natural gas resources and the stewardship of a pristine, sustainable environment are not mutually exclusive. To learn more, visit https://bayswater.us/.

Media contacts:
Steve Struna | President & CEO | 303.893.2503
Mark Truax | Communications | 720.724.0298 |  [email protected]

SOURCE Bayswater Exploration & Production, LLC

VANCOUVER, BC, Dec. 14, 2023 – Inverted AI, a world-class generative AI company for AV/ADAS development, is pleased to announce it has secured over $4 million USD in institutional early stage financing, led by Yaletown Partners, and including strategic investors such as Blue Titan Ventures, Dasein Capital, Inovia Capital, Defined, and WUTIF.

The funding enables Inverted AI to further accelerate and expand its product offerings, including those based on its leading ITRA (Imagining the Road Ahead) technology, as the leader in providing behavioral models accelerating safe commercial deployment of autonomous solutions including advanced ADAS, autonomous vehicles and robots, and a full range of realistic, simulation-based systems. ITRA enables longer and more complex simulation scenarios that can be used to test the ADAS/AV system against the full range of behaviors displayed by the human road users around it. Our technology helps ensure the safety of ADAS and AV systems while significantly reducing development costs and time by enabling a full range of diverse and realistic testing scenarios.

“Inverted AI’s predictive human behavioral models are designed to bring the most realistic behavior to simulation based on massive quantities of video data, that result in simulations with reactive, diverse, and realistic NPCs across vehicle classes and pedestrians.” said Frank Wood, CEO of Inverted AI. “We’re grateful for Yaletown Partners leadership and technology expertise – and ability to help us scale.” Yaletown has invested in 75+ technology-driven companies across North America, developing a strong roster of portfolio companies, and has a total enterprise value exposure that exceeds $10Bn. “The opportunity of generative AI to advance adaptive systems and accelerate the convergence of simulation and real-world applications, in our view, is one of the great thematic changes underway. Inverted AI is an extraordinary team that has created the world’s leading foundational models in generative AI for human behavior with the potential to unlock significant value in all areas of autonomy,” observed Eric Bukovinsky, Partner at Yaletown Partners.

Inverted AI currently offers API access to DRIVE, with our leading human-like non-playable character (NPCs) driving behaviors that are diverse, realistic, and reactive and INITIALIZE, with realistic and diverse agent placements. The company has begun beta testing new products including BLAME, which can automatically determine which agent(s) caused a collision and why from logs to efficiently validate simulations, and SCENARIO, enabling whole-scene scenario generation with realistic, reactive, and diverse agents inc. pedestrians, bikes, cars, buses, and lights. The company recently launched a new site with an interactive demo of the API and the ability for researchers and developers to sign-up for a trial API key.

About Inverted AI

Inverted AI does generative AI for human behavior. Our mission is to build AI agents that behave like humans. Inverted AI provides world class predictive human behavioral models that are learned from massive quantities of video data. We use proprietary techniques to transfer these models into simulated environments where we use them to drive human-like NPCs that are statistically accurate in terms of reactivity, realism, and diversity. Inverted AI accelerates autonomous and ADAS development and brings the unique power and expertise of artificial intelligence and computer vision, taking off years from the development process. For further information, visit https://www.inverted.ai

About Yaletown Partners

Yaletown Partners is a leading Canadian venture capital fund manager that invests in the technologies digitally transforming traditional industries by prioritizing climate-resilient growth. Backed by leading institutional investors, including pension funds, and a network of successful technology entrepreneurs, Yaletown has offices in Vancouver, Calgary, Edmonton, Toronto, Montréal, and San Francisco. For more information, please visit https://www.yaletown.com/.

Press Contact: 
Inverted AI – Robert Chang, [email protected], +1 917-410-0375 
Yaletown Partners – Sophie Gupta, [email protected], +1 514-574-6964

SOURCE Inverted AI

NEW YORK, Dec. 14, 2023 — Dalmore Group, the leading crowdfunding platform for Reg A and CF offerings, has launched an API allowing issuers the potential to accelerate their Reg A or CF capital raising process at lower costs. The aptly named Dalmore Connect provides full-access to Dalmore’s workflows, proven processes and approved vendors to give issuers a compliant blueprint for a capital raise.

“Dalmore connect marks an important milestone in our mission to empower entrepreneurs and early stage companies to succeed,” said Dalmore Group Chairman Etan Butler. “Companies can now build on top of our award-winning tech stack and proven processes to accelerate their offering with unprecedented support.”

The Dalmore Connect API brings Dalmore’s two decades of insights, strategy and resources in raising capital in an all-access framework from Dalmore’s vetted vendors. This includes:

• Built-in Compliance and KYC/AML
• Seamless Payment Processing
• Compliance Trade Approval
• Pre-built Analytics Platform
• Easy-to-use Documentation

Dalmore Connect enables companies to design and build a customized capital raise for Reg A or CF with expert support and guidance from the Dalmore team, which has facilitated more than 50% of all Reg A raises in the U.S. market.

Learn more about Dalmore Connect at: https://dalmoregroup.com/api/

About Dalmore Group

Dalmore Group is the preeminent broker-dealer specializing in Reg A, CF and D financing. The Dalmore platform, which helps companies raise capital online at scale, has helped more than 1,000 companies raise a total of over $1B in capital. Learn more about how Dalmore Group is leading the way for primary issuance and secondary market trading of private securities at dalmorefg.com and keep up to date on the latest company news with Dalmore Group’s LinkedIn, Facebook, and Twitter accounts.

SOURCE Dalmore Group

MEXICO CITY, Dec. 14, 2023 — Kapital, a global bank and tech platform, announced today that it has closed an oversubscribed $40 million Series B equity financing round and $125 million debt raise. Tribe Capital led the Series B, with participation from Cervin Ventures, Tru Arrow, MS&AD Ventures, Alumni Ventures among others.

Since announcing a $23 million Series A funding round and $45 million debt facility in May 2023, Kapital has continued to grow rapidly, fueled by its acquisition of Banco Autofin Mexico S.A. in September 2023. With these developments, Kapital is building a vertically integrated tech platform stretching beyond its current reach of loans, credit cards, invoicing and expense management – into payroll and benefits services, as well as treasury accounts.

Kapital leverages data and artificial intelligence (AI) to provide SMEs with sophisticated enterprise technology that rivals what is typically only available for large corporations via ERPs. With a Kapital account, SMEs can see and manage their business cash flows in real-time dashboards.

Kapital will use the funds to invest further in its R&D and tech platform to strengthen its cross-border offering and grow its product suite to provide insights for its customers. For example, it is using predictive analytics to benchmark how these businesses can improve margins by selecting different vendors. Kapital already uses AI to underwrite loans to SMEs. SMEs represent 90% of businesses worldwide per the World Bank1, yet in Mexico they represent only 10.5% of the total bank credit available for businesses (OECD2).

“Our recent funding round will propel us forward as we embark on an exciting expansion across Latin America and beyond. Over 80,000 customers already entrust us with the financial health of their businesses, and we are introducing more AI-driven products while pushing into new markets,” said Rene Saul, Kapital’s CEO and Co-Founder. “We are grateful for the confidence our customers and our investors have shown in us, and we are excited for Kapital’s bright future ahead.”

“Kapital is punching way above its weight,” said Arjun Sethi, Chairman and CIO at Tribe Capital. “So many financial platforms raise billions before achieving this level of success: They’ve not only achieved venture-scale growth in a fraction of the time, but they’ve also done so profitably. And they’re just getting started: Kapital is in Latin America today, but the potential of the platform and the company’s growth aspirations are very much global. I can’t wait to see them grow from $100 million run rate revenue to $1 billion of revenue over the coming years.”

About Kapital
Kapital is a global bank and tech platform that is leveraging AI to disrupt the way that small and medium size enterprises operate. Today it serves 80,000 clients in Mexico, Colombia and Peru, bringing them best-in-class enterprise tech that is typically available only to large companies, at a fraction of the cost. Kapital’s vertically-integrated platform gives SMEs real-time visibility into their business operations and cash flows, while empowering seamless management of loans, payroll, benefits and invoicing. Learn more at https://www.kapital.mx/

¹ World Bank SME Finance
² 30. Mexico | Financing SMEs and Entrepreneurs 2022 : An OECD Scoreboard | OECD iLibrary (oecd-ilibrary.org)

SOURCE Kapital

CIUDAD DE MÉXICO, 14 de diciembre de 2023 — Kapital, un banco global y plataforma de tecnología, anunció hoy que cerró una ronda de financiamiento de capital Serie B de 40 millones de dólares, la cual fue sobre suscrita, y una recaudación de deuda de 125 millones de dólares. Tribe Capital lideró la Serie B que contaba con la participación de Cervin Ventures, Tru Arrow, MS&AD Ventures y Alumni Ventures, entre otros.

Desde que anunció una ronda de financiación Serie A de 23 millones de dólares y una línea de crédito de 45 millones de dólares en mayo de 2023, Kapital ha crecido rápidamente, impulsado por su adquisición de Banco Autofin México S.A., en septiembre de 2023. Con estos avances, Kapital está construyendo una plataforma tecnológica verticalmente integrada que se extiende más allá de su actual alcance de préstamos, tarjetas de crédito, facturación y gestión de gastos, hacia servicios de nómina y beneficios, así como cuentas de tesorería.

Kapital se apalanca de los datos y la inteligencia artificial (IA) para ofrecer a las pymes tecnología empresarial sofisticada, comparable a la que normalmente solo está disponible para grandes corporaciones a través de las plataformas de gastos e ingresos (ERP por sus signas en inglés). Con una cuenta de Kapital, las pymes pueden ver y gestionar sus flujos de caja en tiempo real mediante paneles de control.

Kapital utilizará los fondos para invertir más en investigación y desarrollo (I+D), y en su plataforma tecnológica, con el fin de fortalecer su oferta transfronteriza y ampliar su gama de productos para proporcionar un mejor análisis de datos a sus clientes. Por ejemplo, utiliza análisis predictivo para establecer comparaciones y mostrar cómo estos negocios pueden mejorar sus márgenes al elegir diferentes proveedores. Kapital ya emplea la IA para otorgar préstamos a las pymes. Las pymes representan el 90% de las empresas a nivel mundial, según el Banco Mundial1, sin embargo, en México solo representan el 10.5% del crédito bancario total disponible para negocios (OCDE)2.

“Nuestra reciente ronda de financiamiento nos impulsará hacia adelante mientras nos embarcamos en una emocionante expansión por América Latina y más allá. Más de 80,000 clientes confían en nosotros para la salud financiera de sus negocios, y estamos introduciendo más productos impulsados por la inteligencia artificial mientras entramos en nuevos mercados,” dijo René Saul, Director General y Co-Fundador de Kapital. “Estamos agradecidos por la confianza que nuestros clientes e inversores han depositado en nosotros, y estamos emocionados por el brillante futuro que le espera a Kapital.”

“Kapital está superando ampliamente sus propias capacidades”, dijo Arjun Sethi, Presidente y Director de Inversiones en Tribe Capital. “Muchas plataformas financieras recaudan miles de millones antes de alcanzar este nivel de éxito, no solo han logrado un crecimiento a escala de empresa apoyada por el capital de riesgo en una fracción del tiempo, sino que también lo han hecho de manera rentable. Y esto es solo el comienzo, Kapital está operando en América Latina hoy, pero el potencial de la plataforma y las aspiraciones de crecimiento de la empresa son verdaderamente globales. Estoy emocionado por verlos crecer de un ingreso de $100 millones a $1,000 millones en los próximos años.”

Sobre Kapital Bank
Kapital es un banco global y una plataforma tecnológica que utiliza la inteligencia artificial para modificar la forma en que operan las pequeñas y medianas empresas. Hoy en día atiende a 80,000 clientes en México, Colombia y Perú, ofreciéndoles tecnología empresarial de primera clase que normalmente solo está disponible para grandes compañías, pero a una fracción del costo. La plataforma integrada verticalmente de Kapital proporciona a las pymes visibilidad en tiempo real sobre sus operaciones comerciales y flujos de efectivo, al mismo tiempo que facilita la gestión eficiente de préstamos, nóminas, beneficios y facturación.

FUENTE Kapital