Kapital Raises $125M to Scale Its AI Lending Platform

Mexican fintech Kapital has raised $125 million in new financing, extending the Series C round it closed a year ago, with Tru Arrow Partners leading the equity and London’s Fasanara Capital providing a dedicated debt facility for its lending book. Cervin Ventures, Niya Partners and Overlook Capital also joined the round. The company will use the capital to deepen its AI platform and data analytics suite and expand across Mexico, the United States, Colombia, Spain and other Latin American markets.

Why it matters: the numbers behind the raise are the real story. Kapital reported roughly $50 million in net income for the first half of 2026, a loan portfolio that grew 220 percent year over year past $1.7 billion, and deposits that more than tripled past $3.5 billion, all while holding a non-performing loan ratio of 2.86 percent and an efficiency ratio of 34.9 percent. Investors are not funding a growth story here so much as underwriting a business that is already profitable at scale, which is a different and harder bar than the one most AI-branded lenders are asked to clear.

The original insight is what that combination signals about where AI-native lending platforms actually win. Kapital’s edge is built on invoice and transaction data specific to Latin American small businesses, the kind of underwriting signal that is hard for a generic model to replicate without the years of proprietary data Kapital has already collected. “Kapital is solving core financial challenges that hold businesses back at every stage,” said Rene Saul, the company’s CEO and co-founder, a framing that positions the platform as embedded financial infrastructure rather than a lending app competing on rate.

Source: PR Newswire