Business Latin America

  Google invests in embedded lending fintech R2 from Latin America Latin American embedded lending fintech R2 has raised US$15mn in a Series A funding round led by Google’s AI-focused venture fund, Gradient Ventures, just seven months after completing a seed round. Source: Fintech Magazine R2, an embedded lending fintech from Latin America, has received US$15mn of Series A investment led by the AI-focused venture fund of search giant Google. The Mexico City-based startup offers a white-label solution that allows brands to easily embed lending experiences into their digital platforms using R2’s APIs. Over the past year, the fintech has partnered with some of the region’s largest technology platforms, financed over 3,000 small businesses and grown monthly revenue by a factor of more than 20. The fintech plans to use the latest capital raise to expand its workforce, recruiting for roles within engineering, product development, data and risk, finance and compliance, and new business. T...