Mexico-based digital payment technology developer Conekta received $13m in funding last month from backers including beverage provider Femsa, investment firm Variv Capital and unnamed Silicon Valley investors, Expansión has reported.
Conekta provides technology that enables businesses to set up their own payment processing systems on applications and online platforms. It plans to put the funding into development of a tool that will help end users make purchases in offline venues.
Femsa and Variv Capital had previously joined Jaguar Ventures and Conconi Growth Partners to invest $6.5m in the company through a 2016 series A round.
