Ubii Raises Investment Round For $4.5Mm Dollars
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Loading... - Elijah Hughes
- 24 Oct 2022
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Ubii, the leading fintech in Venezuela, raises an investment round of four million five hundred thousand dollars to ensure its growth, through innovative products adapted to the needs of the sector
The company, founded in 2016, focuses on financial inclusion, on the development of state-of-the-art payment solutions for people and businesses, and it is the first time that it has raised capital.
Ramón Velásquez, CEO and founder of the company explains: “We are very happy with the investment in the business model that we have built and we are proud, as Venezuelan entrepreneurs, to receive the trust of investors who believe in the fintech development of the country.
With this round we will invest in the acquisition of users, working capital and integration of new talent, which will allow us to develop new products and strengthen our payment infrastructure”.
The fintech has the opportunity to include Venezuelans inside and outside the country in the financial system through its app, to offer the possibility of making payments locally, as well as developing channels that allow migrants to send money in Bs to their relatives in Venezuela.
Another sector of great interest to the company is the corporate sector, where it develops solutions that, unlike traditional financial offers, seek differentiation by adding value through technology.
Ubii is one of the few companies in the sector to have a license to issue cards and process financial transactions issued by the Superintendency of Banks, SUDEBAN, and is a main member of Mastercard and Visa for Venezuela. Part of its B2B service offering is focused on issuing cards for Banks, fintechs , Crypto exchangers , airlines, retailers or any company that wants to add value to its customers through this financial instrument. Read More…
