Foley Represents Kapital in Funding Round, Creating Mexico’s Newest Fintech Unicorn

Foley & Lardner LLP recently represented Mexican commercial fintech firm Kapital in its funding round led by Tribe Capital and Pelion Ventures. Additional investors included Cervin Ventures, YC, Marbruck Ventures, and True Arrow. With this latest funding, Kapital has achieved “unicorn” status as its valuation topped $1.3 billion.

Kapital, based in Mexico City, was founded by Rene Saul, Fernando Sandoval, and Eder Echeverria in 2020 to offer banking-related services to small businesses, which are generally underserved by Latin America’s major financial institutions. CNBC and the World Economic Forum named Kapital one of the world’s most disruptive and innovative companies in 2024.

The Foley team was led by partners Louis Lehot and André Thiollier and included partners Rishi Sodhi and Casey Knapp, of counsel Alan Pate, and associates Erik Nguyen, Robin Zhang, and Sarah Waste.