# R2: Information technology & services, Mexico City, Mexico

> R2: R2 is a Latin American embedded finance platform founded in 2020 and based in Mexico City, Mexico. Based in Mexico City, Mexico. Founded 2020.

Source: https://millionrounds.com/startup/r2-3 (Millionrounds; every figure on the page links to its filing or article)

Mexico · [Information technology & services startup](https://millionrounds.com/companies)

# R2

R2 is a Latin American embedded finance platform founded in 2020 and based in Mexico City, Mexico.

Funding reported Last round: Debt financing

Information technology & services Mexico City, Mexico

Company summary

- **Founded:** 2020 6 years old
- **Team:** 80 51 to 200 people
- **Funding reported:** 121M as listed, currency not stated
- **Last round:** Debt financing May 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for R2 has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About R2

R2 is a Latin American embedded finance platform founded in 2020 and based in Mexico City, Mexico.

The company aims to provide frictionless capital access to over 40 million small and medium businesses (SMBs) in the region. R2 offers a "Lending-as-a-Service" infrastructure that allows technology companies, including payment processors, point-of-sale systems, marketplaces, and e-commerce platforms, to provide financing to their merchants without assuming credit risk. The platform features an API-first solution that manages the entire lending process, incorporating machine learning-based underwriting, compliance, and collections. R2 operates in Mexico, Chile, Colombia, and Peru, partnering with notable companies such as Rappi, Clip, PayU, and inDrive. The company is supported by prominent investors, including Y Combinator, General Catalyst, and Google's Gradient Ventures, and primarily operates within the financial software industry.

## What company datasets say R2 raised

Funding, as reported

Reported in all **121M** in the source's currency

Rounds **4**

Last round **Debt financing**

Last round date **May 2023**

Investors listed **9**

Y Combinator **W21**

## On 3 portfolio pages

Investors who name them

- [Gradient](https://millionrounds.com/fund/gradient-ventures)
- [Hi Ventures](https://millionrounds.com/fund/hi-ventures)
- [ALLVP](https://millionrounds.com/fund/allvp)

Each firm lists R2 on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

api for real-time credit decisions api error handling consumers digital platform integration reserve non-bank financial services merchant credit merchant financing api api documentation api sandbox environment merchant data sharing information technology & services financial services finance api request/response multi-country fintech

Built with from their website

Docker Adobe Amazon SES Amazon DynamoDB Google Tag Manager Amazon CloudFront Google Sheets Kubeflow Tableau Typed.js

+8 more

dbt WordPress.org AWS Trusted Advisor Linkedin Insight Tag Font Awesome GitHub Google Workspace CloudFlare

- **Sector:** Information technology & services
- **Industry code:** NAICS 52232, 522299, 513210
- **Region:** Federal District
- **Revenue:** 11.9M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/r2-0e20f71ca5)

## Information technology & services in Mexico

Startups like it

- [**Mendel** Mexico City · founded 2021 *Raised*](https://millionrounds.com/company/mendel)
- [**Leona Health** Mexico City *Raised*](https://millionrounds.com/company/leona-health)
- [**Cometa** Mexico City *Raised*](https://millionrounds.com/company/cometa)
- [**Superpanel** Santiago de Queretaro *Raised*](https://millionrounds.com/company/superpanel)
- [**Zubale** Mexico City · founded 2018 *Raised*](https://millionrounds.com/company/zubale)
- [**Kunzapp** Mexico City · founded 2023 *Raised*](https://millionrounds.com/company/kunzapp)
- [**Nufi** Monterrey · founded 2020 *Raised*](https://millionrounds.com/company/nufi)
- [**Leracom AI** Monterrey · founded 2024 *Raised*](https://millionrounds.com/company/leracom-ai)

## Is this your company?

Add your raise, your deck and your story, and put R2 in front of investors. Or tell us what we have wrong.

[List your startup](https://millionrounds.com/list-your-startup)[Send a correction](https://millionrounds.com/corrections)