R2 provides lending infrastructure and capital to allow companies to offer financial services under their own brands. It provides the infrastructure behind platforms such as last-mile delivery service Rappi in Ecuador, Colombian fintech Kushki, and Mexico's POS Unicorn Clip.
87% of credit demand by small businesses in Latin America is unmet, and the startup’s goal is to change this reality through an embedded lending infrastructure. Thanks to R2, the platforms small businesses use to buy and sell every day can seamlessly offer capital to their business users.
They recently announced the closing of a $15M Series A round led by Gradient Ventures, Google’s AI-focused venture fund, with the participation of existing investors General Catalyst, 166 2nd, Magma Partners, and new investors Femsa Ventures and PayU. With this new round R2 has reached a USD $100 million valuation!