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Chilean digital money transfer startup Global66 raises US $ 12 million

It's been a big week for Chilean startups, after NotCo raised US $ 235 million last week and becoming the newest Latin American unicorn.

Now another Chilean startup, this time in the cross-border payments space has raised a US $ 12 million in Series A. Global66 , founded in 2018 by Tomás Bercovich and Cristóbal Forno , are looking to expand in Latin America through B2C and B2B international money transfers in 55 destinations around the world, with a direct presence in Chile, Colombia, Peru, Argentina, Brazil, Mexico, Ecuador and, recently, Spain.

The round was led mainly by Quona Capital, with the participation of Magma Partners, Clocktower Technology Ventures (US) and Venrex Investment Management (UK).

With this round, it brings the total raised by Global66 to US $ 20 million. “A year ago we weren't even 50 people working at Global66. Today we are more than 200 people, working from eight different countries and two continents, who share the commitment to create digital products and services that connect people and companies with their communities. "

The fintech offers low-cost payments digitally, allowing funds to be received in the user's bank account or in their Global66 wallet. In addition, it allows SMEs to make instant transfers both nationally and internationally.