Kavak raises $127M, Ep 204

LatamList Espresso

Apr 22, 2025•3 min

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Episode description

This week’s Espresso covers news from Finaktiva, Smart Compass, Mombak, and more!

Outline of this episode:

[00:30] – Kavak raises $127M in down round, drops valuation to $2.2B
[00:43] – Onfly raises $40M Series B to expand corporate travel platform
[00:56] – Altis raises $2.6M in equity and debt
[01:05] – Toku raises $48M Series A extension to expand payments platform
[01:16] – AdmiralONE raises $462K and acquires two startups
[01:31] – Banorte acquires RappiCard in $50M deal
[01:39] – ActiveCampaign acquires Mexican WhatsApp automation startup Hilos

Resources & people mentioned:

Startups: Kavak, Onfly, Altis, Toku, AdmiralONE, Grupo Financiero Banorte, RappiCard, ActiveCampaign, Hilos,
VCs: SoftBank, General Atlantic, Goldman Sachs, HSBC, Tidemark, Magma Partners, Latitud, Oak HC/FT

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