tapi is buying Arcus’ money funds operations, together with invoice pay, top-ups, present playing cards, and cash-in/out.
tapi will leverage the purchase to increase its footprint in Mexico and strengthen its function as a regional funds chief.
Backed by Kaszek and Andreessen Horowitz, tapi expects to course of over $2B in 2025—5x greater than in 2024.
In a transfer to increase its regional footprint, Argentina-based tapi unveiled it’ll purchase the money funds operations of Mastercard-owned Arcus.
Particularly, tapi will purchase Arcus’ service fee operations, cell top-ups, present playing cards, and cash-in/out providers. tapi is making the transfer to increase its presence in Mexico and increase its repute as a funds accomplice for banks, fintechs, retailers, and repair corporations throughout the area. The acquisition will allow tapi to supply a extra seamless fee expertise whereas selling monetary inclusion throughout Latin America. The corporate stays centered on increasing its Money In/Out community to supply direct entry to retailers in Mexico via strategic partnerships with OXXO, Chedraui, Finabien, 7-Eleven, SYStienda, and others.
“Integrating Arcus’ service and money fee capabilities into tapi’s ecosystem marks a turning level in our journey as an organization,” mentioned tapi CEO and co-founder Tomás Mindlin. “This integration broadens our attain in Mexico, serving the nation’s main fintechs and banks and considerably increasing our bodily footprint with 1000’s of Money In/Out factors, together with connections to the market’s most related service suppliers. To the cutting-edge know-how and buyer expertise which have fueled our exponential progress lately, we now add dependable infrastructure and well-established relationships throughout the native monetary ecosystem. We’re thrilled to grow to be the strategic accomplice for the monetary trade in Mexico and the area.”
For tapi customers and purchasers, the acquisition will supply higher scalability and nationwide bodily transaction protection, entry to a broad vary of fee providers via a single platform, and quick and dependable processing for day by day monetary wants.
“By integrating this know-how with our API-first method, we’re making it even simpler for our companions to launch embedded monetary experiences,” mentioned tapi CTO and co-founder Nicolás Andriano.
tapi was based in 2022 and two years later closed a $22 million Sequence A funding spherical led by Kaszek, with participation from Andreessen Horowitz. This introduced the corporate’s whole funding to $31 million. tapi expects to surpass $2 billion in annual quantity in 2025, which is 5 occasions greater than in 2024.
Arcus’ ArcusFI platform gives companies entry to Mexico’s real-time fee system, permitting them to generate interbank CLABEs to ship and obtain funds to and from any taking part agency in Banxico’s Interbank Digital Cost System (SPEI). One of many key options of Arcus is Dimo, an digital switch service facilitated by Banxico that enables the beneficiary to hyperlink their cellphone quantity to their account via SPEI. Prospects can use Dimo to switch funds from the Arcus platform with simply the recipient’s telephone quantity.
With this fee technique, you can also make digital cash transfers from the Arcus platform utilizing solely the beneficiary’s cellphone quantity.
Logistically, Mastercard will retain the Arcus model, in addition to its capabilities in fee processing, settlement, and reconciliation via Mexico’s real-time fee system (SPEI).
Photograph By: Kaboompics.com
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