Mexico Lender Kueski Raises $202 Million to Expand Operations

Mexican fintech Kueski, which uses algorithms to approve loans, has raised $202 million in equity and debt, the latest startup to tap into a funding bonanza taking place across Latin America.

The series C round was led by StepStone Group Inc and Victory Park Capital. It also included new investors such as OnePrime Capital and Glisco Partners, as well as existing investors Altos Ventures, Cometa, Richmond Global Ventures, Rise Capital and Angel Ventures Mexico.

The proceeds of the series C round will be used to expand operations in Mexico, with plans to double the number of employees in the ...