Tapi Raises US$27 Million to Scale Mexican Payment Infrastructure

Tapi, a payment infrastructure company, has finalized a US$27 million Series B funding round to accelerate the expansion of its payment and collection network across Mexico. This capital injection follows a period of exponential growth in 2025, during which the company reached profitability and completed the acquisition of Arcus assets. It now processes over 250 million annual transactions.

"In less than 18 months, we grew our billing and transacted volume tenfold, and reached profitability," says Tomás Mindlin, CEO and Co-Founder, Tapi. "This round validates that growth and allows us to continue developing better technology, strengthen our operation in Mexico, and consolidate our regional leadership.”

Mindlin highlights that the company will continue working with a single purpose: to build the most robust payment network in Mexico and, with tapipay, provide the most complete collection platform in the country. The investment round was led by Kaszek, the largest venture capital fund in Latin America, with participation from Endeavor Catalyst, Latitud, and other strategic investors. 

The Mexican financial landscape is characterized by high operational informality and a fragmented payment infrastructure. Many traditional companies and regional financial institutions continue to manage collection processes manually or through systems that do not communicate with one another. This fragmentation creates technical barriers and increases operational costs for entities that require recurring payments.

Tapi’s expansion comes as a response to the demand for interoperable solutions that bridge the gap between cash-based transactions and digital banking. Since its inception in 2022, the company has raised more than US$60 million to build a proprietary network that connects over 20,000 service companies with 70,000 physical points of sale. This infrastructure allows millions of users to perform payments and deposits through both digital and physical channels, including major retailers such as OXXO, Walmart, 7-Eleven, and Tiendas 3B.

The acquisition of Arcus assets from Mastercard in previous years was a pivotal move to gain technical capillarity. This integration provided the company with a robust cash-in infrastructure at a national level, which was then combined with direct banking integrations, positing as a primary aggregator capable of offering a single API integration for diverse financial needs.

Operational Roadmap

A significant portion of the Series B funds will be allocated to scaling tapipay, a collection platform designed specifically for SMEs, insurance firms, and financial entities with recurring billing needs. The technical objective of tapipay is to eliminate the friction caused by manual processes and operations that rely heavily on cash.

Through the tapipay platform, organizations can access the entire digital and physical network of the company. This allows them to accept multiple payment forms without the need to modify their existing accounting systems or incur high fixed costs. 

Mindlin says that the greatest barrier to digitalizing traditional companies in Mexico is operational informality. He also notes that these companies do not lack the desire to digitalize but rather lack access to affordable, simple, and comprehensive solutions. The platform is destocking demand in sectors such as regional schools, insurance providers, and regional financial firms.

Hybrid Payments and Technical Talent

The technical strategy of the company is built on the premise of "financial convergence," where digital and physical channels serve as complementary nodes. While digital adoption is accelerating in urban segments among individuals with bank access, millions of people in Mexico continue to use physical stores as their primary financial interface. Mindlin says that the future of payments and collections is hybrid and multi-platform.

The company supports this hybrid reality by integrating with physical retail organizations, collaborating with major service providers, providing fintech companies with a physical point-of-presence without requiring them to build proprietary hardware infrastructure, and allowing users to perform recharges, pay recurring service bills, and manage cash-in and cash-out operations efficiently.

Tapi intends to use the new capital to expand its technical team, which constitutes more than 70% of the total structure of the organization. Mindlin says that this specialized team works in conjunction with the strategic team to combine technical execution with a commercial and user-centered focus. This synergy was critical to scaling a complex infrastructure with a lean and potent team.

For 2026, the company will focus its innovation on three primary business units:

1. Financial Institutions: Providing infrastructure for banks and fintech companies.

2. Billers: Assisting service providers and service companies in managing recurring payments.

3. Physical Chains and tapipay: Expanding the reach of digital collections to the traditional retail sector.

Regional Background and Future Projections

Beyond its primary focus on the Mexican market, the company continues to strengthen its operations in Argentina, Chile, Colombia, and Peru. In these markets, the organization already works with leading banks, fintech companies, and service providers. The company projects sustained growth and new integrations across these regions throughout the fiscal year.

The infrastructure of the company is used by major financial institutions such as Nubank, Mercado Pago, Santander, Banamex, and HSBC. By providing a single API that offers a 360° solution, the company optimizes revenue collection, reduces operating costs, and connects the entire ecosystem in a simple and scalable manner.

The goal of the organization is to foster financial inclusion by simplifying access to the formal digital economy. Mindlin says that true inclusion begins by providing tools that allow SMEs and traditional firms to transition away from manual and cash-dependent operations. The company remains committed to building the most robust payment network in the region, leveraging its technical expertise to address the unique challenges of the Latin American financial landscape.