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Aplazo Secures $27 Million Series A To Grow Omni-Channel Bnpl In Mexico Market

Nov 15, 2021•over 3 years ago

Amount Raised

$27 Million

Round Type

series a

Description

Aplazo, the first omnichannel buy now, pay later (BNPL) platform in Mexico, has raised $27 million in a Series A round led by Oak HC/FT, with participation from existing investors Kaszek and Picus Capital. The new funding comes just four months after the company raised a $5.25 million Seed. The company will utilize funds from its Series A round to accelerate growth, including increasing investment in talent across product, engineering, sales and merchant success.

Company Information

Company

Aplazo

About

Aplazo is a "buy now, pay later" service based in Mexico that allows consumers to live their ideal lifestyle, making it easier to acquire the products they want. Through Aplazo, consumers can split their online and offline purchases into multiple installments without needing a credit card and avoiding the debt trap. Aplazo's integrated, tech-enabled platform offers merchants the ability to increase average basket size, conversion and customer engagement. The company was founded by Angel Peña and Alex Wieland with a mission of empowering consumers in Latin America with simple, inclusive and financially responsible payment solutions.

Funding Insights

Based on industry data
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