• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

How to Extract an Object From Any Image on Your iPhone

July 1, 2025

Apple Intelligence Comes to Pixelmator Pro

July 1, 2025

Still Using Old HomeKit? Apple’s About to Upgrade It for You

July 1, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»DEUNA raises $37 million to expand e-commerce in LatAm
Fintech

DEUNA raises $37 million to expand e-commerce in LatAm

July 8, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Cion Digital names Sundar Nagarathnam COO
Share
Facebook Twitter LinkedIn Pinterest Email

DEUNA, the commerce working system that allows a 1-click checkout shopping for expertise and an expanded gross sales community for e-commerce retailers, right this moment introduced it has raised a complete of $37M together with a $30M Sequence A spherical led by Activant Capital with participation from Valor Capital, Summary Ventures, Acrew Capital, Add Ventures (previously Softbank Early Stage) in addition to founders from Plaid, Kavak, Jeeves, Xepelin, iFood, R2, and others.

Based in late 2020, DEUNA empowers e-commerce retailers to make on-line gross sales in LatAm faster, simpler and safer. Their commerce 3.0 working system gives native retailers with an easy-to-use funds infrastructure that integrates into each main funds supplier (PayPal, Kushki, Mercado Pago, and so on), various fee strategies in style within the area (Kueski, Aplazo, Oxxo, Baloto, and so on) and gives entry to a rising community of over 3 million customers to drive gross sales and increase conversion. The platform additionally handles fee orchestration, fee processing, fraud prevention, and life cycle administration based mostly on actionable consumer actual time analytics, all of that are essential to the success of e-commerce retailers in LatAm.

LatAm is among the fastest-growing e-commerce market on the planet, rising +30% annually. Traditionally, nonetheless, e-commerce within the area has been stunted by three key challenges: buyer acceptance, conversion, and fraud. The answer to those challenges includes constructing a brand new commerce ecosystem, Commerce 3.0, which depends on built-in, API-driven instruments that may sort out these three main bottlenecks and drive the last word consumer and vendor expertise. In LatAm, the market alternative for constructing Commerce 3.0 gamers is far bigger that of the US, the place fraud expertise and market acceptance have already matured.

See also  Temporal, a developer productivity startup led by former Uber engineers, raises $75M – Startup

“Our product will flip e-commerce within the area. We designed the primary totally useful answer for distributors to really allow a 1-click checkout expertise. That is the entrance door to commerce 3.0 for our shoppers. DEUNA solves the conversion, fraud, and acceptance price challenges with a single integration” says Jose Maria Serrano, co-founder of DEUNA.

Co-founders Roberto Enrique Kafati Santos and Jose Maria Serrano spent the final two years bootstrapping the enterprise in stealth mode, constructing a next-generation expertise to allow a superior shopping for expertise with ~3X greater conversion charges. Having grown 120x final yr, the corporate boasts big-brand shoppers, corresponding to KFC, Pappos, Dunkin Donuts, for whom they’re delivering as much as 6X development in on-line gross sales. The Sequence A comes off the again of a $7M seed spherical in October 2021.
“DEUNA’s one-click checkout shall be a recreation changer for LatAm’s almost $100bn e-commerce market, serving to handle the area’s decrease fee acceptance charges, greater fraud charges, and decrease card utilization charges. We now have been very impressed with Roberto and Jose Maria’s imaginative and prescient and expertise in addition to DEUNA’s traction thus far. We’re excited to companion with them as they construct the main ecommerce infrastructure platform and community within the area.” – David Yang, Companion at Activant Capital

Source link

DEUNA ecommerce expand LatAm million Raises
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Apple Hit With 500 Million Euro Fine For DMA Non-Compliance

April 24, 2025

Apple Spent $700 Million on Its Last Three Blockbuster Films

March 8, 2024

Apple to Pay Out $14.4 Million in Canadian iPhone Throttling Settlement

March 4, 2024

Apple May Soon Be Hit with a $539 Million Fine for Stifling Spotify

February 20, 2024
Add A Comment

Comments are closed.

Editors Picks

Tim Cook Is Optimistic About Apple’s ‘Reality Pro’ Headset

April 4, 2023

The Race To Save Sam Bankman-Fried’s Other Crypto Exchange

November 22, 2022

Seven Areas Employers Should Work On To Earn Their Employees’ Loyalty

October 11, 2022

Klarpay adds 70+ currencies

August 20, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

How to Extract an Object From Any Image on Your iPhone

Apple Intelligence Comes to Pixelmator Pro

Still Using Old HomeKit? Apple’s About to Upgrade It for You

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.