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0 0.00112107623318383 0 -0.00112107623318383 0.00448430493273553 0.00560538116591936 0.00784753363228703 0.00695067264574004
Stock impact report

Minu, a Mexico City-based, pay-on-demand startup, lands a $14M Series A [TechCrunch Blog]

Telefonica SA (TEF) 
Last telefonica sa earnings: 2/23 04:01 pm Check Earnings Report
Company Research Source: TechCrunch Blog
Many of the startups raising capital in Mexico are focused on financial inclusion, aiming to level the playing field in a country that is largely unbanked and has a burgeoning middle class.One such company,minuNew investors VEF, XYZ Ventures, and FJ Labs, as well as DocuSign founder Tom Gonser and Gusto CFO Mike Dinsdale also participated in the financing. Existing backers QED, Next Billion Ventures, and Village Global also put more money in the company.The financing — which included $2.5 million in debt from Banco Sabadell Mexico — brings minu’s total raised since its 2019 inception to a total of $20 million.Co-founders Nima Pourshasb, Rafa Niell, and Paolo Rizzi were driven to build out a pay on demand offering in Mexico.“We really think the lack of financial health is one of the key drivers slowing the potential and productivity of Mexican society,” Pourshasb said.Latin America’s digital transformation is making up for lost timeMinu aims to solve the employee liquidity gap between Show less Read more
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