Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate.
The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support from existing backers Cometa and Magma Partners.
This capital infusion, Prometeo said, is earmarked for expanding its multi-banking data and payments services across the region.
Prometeo’s platform acts as a crucial technological bridge, connecting global corporations to financial institutions across Latin America.
The company’s feature is its embedded banking software platform that offers clients streamlined access to banking information and payments from over 283 financial institutions in 10 countries, all through a single, unified API.
This service significantly simplifies and accelerates connections into Latin America, while also cutting down on operational friction and costs.
Ximena Aleman, Co-Founder and Co-CEO of Prometeo, emphasized the company’s commitment to unifying the diverse financial technology landscapes of Latin American countries.
“Our consistent focus has been on integrating these varied infrastructures under one API, creating a standardized layer that enables efficient financial operations across the region,” Aleman said.
Fady Abdel-Nour, Partner at Antler Elevate, praised Prometeo’s potential as a transformative force in the industry, stating, “We are thrilled to partner with Ximena and Rodrigo to build a company that is advancing technology and empowering businesses.”
Prometeo’s offerings include a cross-border multi-banking data aggregation platform, account validation services, and real-time payments.
Rodrigo Tumaián, Co-Founder and Co-CEO, highlighted Prometeo’s commitment to security and compliance. “Our platform architecture is meticulously designed to surpass industry standards, providing a secure environment for financial operations,” he said.
With its robust platform and extensive API network, Prometeo said it is set to enhance financial connectivity globally, making Latin America more accessible for international business operations.
