Bogota-based payments infrastructure startup Minka has secured $24 million in a funding round co-led by Tiger Global Management and Kaszek.
In an interview, CEO and co-founder Domagoj Rozic described Minka as “a seamless payment network built from the ground up.” The network was designed to connect separate legacy systems through blockchain concepts and APIs “to simplify the movement of complex money flows.”
In other words, Minka is an open network that aims to allow organizations such as banks and clearinghouses to “publish” and move money in real time by exposing their “closed, outdated core systems” to the Web.
“This in turn enables them to collect, send or exchange money in real-time without the need for reconciliation and with almost no cost,” Rozic told …
