Mexico-based digital payment portal developer Conekta has raised $6.6m in series A funding from investors including beverage producer Femsa Comercio, El Financiero has reported.
The round included Variv Capital, Jaguar Ventures and Conconi Growth Partners. Conekta was previously part of accelerator 500 Startups’ 2013 Mexico City batch.
Conekta provides technology that allows merchants to accept payment through websites or mobile apps. It is currently developing a product that will use artificial intelligence, machine learning and neural networks to detect fraudulent transactions.