The 'fintech' Kintai has completed a Series A funding round for an amount of 10 million euros, with the aim of accelerating its expansion in the Spanish market, enhancing the development of new functionalities for its product, and incorporating more talent into its team, as communicated this Monday.
The operation has been led by Barlon Capital and has also included the entry of Prosegur, TQ Eurocredit, and the Institut Català de Finances (ICF), in addition to other investors who have joined the round.
Thanks to this capital injection, Kintai aims to reach a financed volume of up to 1 billion euros by 2029 and exceed 100 million euros in revenue.
This is the third investment round the company has closed since its founding, after securing 250,000 euros in a pre-seed round in 2021 and 750,000 euros in a seed round in 2023.
The CEO of Kintai, Ignasi de Llorens, explained that "the future lies in the ability to solve complex problems," something he said will be the last thing artificial intelligence will be able to do.