

Fintech startup Fintoc, based in Chile and Mexico, raised $7 million in Series A funding for its A2A payment API. The company targets businesses for lower transaction fees and aims to expand in Mexico. The Latin American fintech market is challenging due to fragmentation and low banking penetration. Fintoc's strategic expansion plans reflect a shift in investor interest towards focused growth rather than broad regional coverage.


Fintech startup Fintoc, based in Chile and Mexico, raised $7 million in Series A funding for its A2A payment API. The company targets businesses for lower transaction fees and aims to expand in Mexico. The Latin American fintech market is challenging due to fragmentation and low banking penetration. Fintoc's strategic expansion plans reflect a shift in investor interest towards focused growth rather than broad regional coverage.
•The company targets businesses in Chile and Mexico for lower transaction fees compared to credit card payments.
•Latin American market challenges include fragmentation and low banking penetration.
•Fintoc focuses on strategic expansion in Mexico, aiming to capitalize on the market potential.
•Investor interest shifts towards focused growth strategies rather than broad regional coverage in the fintech sector.
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