“We do not depend on financing, companies like this will always want money. We do not need to have (money) because we depend on our own funds and we operate well,” said Alejandro Flores, VP of sales for Mexico, Central America and the Caribbean at Kushki.
To avoid the layoffs that have afflicted other Latin American unicorns in recent months, Kushki Billpocket said that this occurs in companies that have run out of cash, a situation that the firm does not experience.
The firm is confident that the investment allocated to the development of its own technology and the commercial development that will be implemented this year will be enough to get the business afloat.
The unicorn ruled out that the increase in interest rates is a risk for them due to the growth in Mexico of the means of payment.
In the medium term, the companies seek to reach another country although they refused to give more details.
“Although the rates are high and it will be more attractive to invest in a Cete that has zero level of risk than in a startup, we will continue to exist and grow. Better times will return to raise capital,” said Alejandro Guízar, CEO of Billpocket .
