Baubap secured $120M in a pre-Series A funding round led by SixPoint to revolutionize microloans in Mexico and aims to reach 1.4M new customers.
Feb 28, 2024•almost 2 years ago
Amount Raised
$120 Million
Round Type
series a
MexicoFinancial ServicesInvestors
Six Point
Description
Baubap, a pioneering Mexican fintech, has recently completed a substantial $120 million pre-Series A funding round led by Six Point Capital Management. The funding is set to propel Baubap's ambitious goal of extending its services to an additional 1.4 million Mexicans underserved by traditional banking systems.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech