Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Kapital ( has seen product-market fit around their stablecoin treasury product that lets companies deposit money and hold it in Circle's USD-denominated stablecoin USDC, with "almost every company" using it to de-risk against the high volatility of local currencies like the Colombian peso.</li><li>As payment rails, Kapital uses USDC to settle international transfers for their customers fast (in minutes) and cheaply (~$0.0037 per transaction) vs. paying ~$50 to send a wire and 1-3% on currency exchange fees.</li><li>While incumbent banks move money slowly & expensively and monetize on each transaction, Kapital is aiming to be fast & cheap and drive volume through value-added products like Kapital Flex (buy-now-pay-later for B2B procurement) and engagement & retention for its core subscription SaaS platform.</li></ul>

Kapital ( has seen product-market fit around their stablecoin treasury product that lets companies deposit money and hold it in Circle's USD-denominated stablecoin USDC, with "almost every company" using it to de-risk against the high volatility of local currencies like the Colombian peso.As payment rails, Kapital uses USDC to settle international transfers for their customers fast (in minutes) and cheaply (~$0.0037 per transaction) vs. paying ~$50 to send a wire and 1-3% on currency exchange fees.While incumbent banks move money slowly & expensively and monetize on each transaction, Kapital is aiming to be fast & cheap and drive volume through value-added products like Kapital Flex (buy-now-pay-later for B2B procurement) and engagement & retention for its core subscription SaaS platform.

<ul><li>Our solution was to offer a crypto wallet paired with a card that allows companies to store funds in a stablecoin like USDC.</li><li>Kapital launched a product that lets SMEs deposit their funds into Kapital and get access to stablecoins alongside local currency.</li><li>Crypto comes into play for executing the cross-border payment to the vendor seamlessly.</li></ul>

Our solution was to offer a crypto wallet paired with a card that allows companies to store funds in a stablecoin like USDC.Kapital launched a product that lets SMEs deposit their funds into Kapital and get access to stablecoins alongside local currency.Crypto comes into play for executing the cross-border payment to the vendor seamlessly.

Fernando Sandoval, co-founder Of Kapital, On Stablecoins For cross-border Payments

<ul><li>Kapital launched as a B2B neobank in Mexico in 2020, using revolving lines of credit as a hook.</li><li>Sacra estimates that Kapital hit $72M in annualized revenue in 2023, growing 755% year-over-year.</li><li>Kapital has expanded to Colombia, Peru and Chile so far, using channel partnerships with local chambers of commerce.</li></ul>

Kapital launched as a B2B neobank in Mexico in 2020, using revolving lines of credit as a hook.Sacra estimates that Kapital hit $72M in annualized revenue in 2023, growing 755% year-over-year.Kapital has expanded to Colombia, Peru and Chile so far, using channel partnerships with local chambers of commerce.

<ul><li>René understood that if he wanted to have a business that lasted for more than five years, he needed to invest all his money in tech.</li><li>There’s a huge lack of financial products in Latin America.</li><li>Kapital started back in 2020 with three founders.</li></ul>

René understood that if he wanted to have a business that lasted for more than five years, he needed to invest all his money in tech.There’s a huge lack of financial products in Latin America.Kapital started back in 2020 with three founders.

René Saul And Fernando Sandoval, co-founders At Kapital, On The Fintech Opportunity In LatAm

<ul><li>Ramp has been growing its customer base consistently over the past few years.</li><li>The company reported a significant increase in transaction volume in the latest quarter.</li><li>There are expectations of continued growth in market share over the next year.</li></ul>

Ramp has been growing its customer base consistently over the past few years.The company reported a significant increase in transaction volume in the latest quarter.There are expectations of continued growth in market share over the next year.

Mexico

Banking and finance software for LatAm SMBs with built-in ERP, lending, and payments

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Kapital (KAPITAL MX)

Stablecoin Diplomacy

TL;DR: As B2B neobanks in the U.S. raced to offer FDIC insurance and treasury products in the wake of SVB's collapse, a parallel trend has played...

Sacra

Fernando Sandoval, co-founder Of Kapital, On Stablecoins For cross-border Payments

There's two basic types of stablecoin products in the Kapital context: the customer-facing stablecoins that SMEs want to hold their funds in, and...

Sacra

Kapital: The $72M/year Nubank For SMBs

TL;DR: Sacra estimates that Mexican B2B neobank Kapital hit $72M in annualized revenue in 2023, up 755% year-over-year. Like Brazil’s Nubank,...

Sacra

René Saul And Fernando Sandoval, co-founders At Kapital, On The Fintech Opportunity In LatAm

What is Kapital and what inspired you guys to start the company...

Sacra

Corporate Card Flippening

Sacra model of the corporate card flippening.

Sacra

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