Following this announcement, Prometeo will focus on its strategy to expand its multi-banking data and payment capabilities in the region. The Series A funding round was led by Antler Elevate, with the participation of new investors such as Samsung Next, PayPal Ventures, and other collaborators from DN Capital, as well as existing bankers including Magma Partners and Cometa.
Prometeo’s platform will continue its process to provide the technological infrastructure and services that allow global corporations and companies to connect to the financial system of Latin America in a secure and efficient manner.
Prometeo’s embedded banking software platform offers its users and clients simple and automated access to bank data and information, as well as payments from multiple financial institutions in 10 countries throughout the region of Latin America. This procedure is expected to take place with a single, unified API. With Prometeo, customers around the world will be given the opportunity to connect with Latin America in a simpler, faster, and safer way, while also reducing friction and the overall costs.
The funding round represents a step into the strategy of consolidating the diverse infrastructures of Latin American countries under one single API, aiming to provide the essential layer of standardisation that is usually required to deliver secure financial operations across the region. By closing the Series A funding round, Prometeo will also focus on capitalising on this market opportunity, as well as adding value to banks, financial institutions, fintechs, corporations, and partners alike.
Prometeo’s flagship capability will include its robust cross-border multi-banking data aggregation platform, account validation products, as well as real-time payment possibilities. The company’s architecture emerged as the go-to option for industry companies, as its platform’s scalability, reliability, and commitment were designed to meet the standards of the market. At the same time, the company’s platform architecture was also developed in order to meet the needs, preferences, and demands of its users and clients, while remaining compliant with the legal requirements and laws of the industry.
By using its platform and extensive network of APIs, Prometeo is set to facilitate its connections and foster a more integrated and efficient flow of financial operations. This strategy is expected to accelerate the overall development of global financial connectivity, as well as make Latin America more accessible and interconnected for international businesses and collaborations alike.
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