Prosperos Raises $3 Million Seed Round

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">LOS ALTOS <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; <u>Prósperos<&sol;u>&comma; a technology company that offers a financial platform for Spanish-speaking people&comma; has raised <span class&equals;"xn-money">&dollar;3 million <&sol;span>in funding&period; The seed round includes investments from FEBE Ventures&comma; BAT VC&comma; Tekton Ventures&comma; Courtyard Ventures and technology executives&period;<&sol;p>&NewLine;<p>Founded in 2023 by <span class&equals;"xn-person">Vinay Pai<&sol;span> and <span class&equals;"xn-person">Salvador Chavez<&sol;span>&comma; Prósperos is delivering an innovative financial platform that allows millions of Latinos to manage their finances while taking care of their family in the <span class&equals;"xn-location">USA<&sol;span> and <span class&equals;"xn-location">Latin America<&sol;span>&period;<&sol;p>&NewLine;<ul >&NewLine;<li>The <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4182645-1&amp&semi;h&equals;3679776721&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;prosperos&period;ai&percnt;2Fhow-it-works&amp&semi;a&equals;Pr&percnt;C3&percnt;B3speros&plus;platform" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Prósperos platform<&sol;a><&sol;u> provides two bank accounts and two cards– one for the account holder in the <span class&equals;"xn-location">USA<&sol;span> and one for their family in <span class&equals;"xn-location">Mexico<&sol;span>&comma; and soon Central and <span class&equals;"xn-location">South America<&sol;span>&period;<&sol;li>&NewLine;<li>In 2023&comma; remittances to <span class&equals;"xn-location">Latin America<&sol;span> totaled nearly <span class&equals;"xn-money">&dollar;160B<&sol;span>&comma; generated more than <span class&equals;"xn-money">&dollar;4B<&sol;span> in fees paid by consumers and required days to arrive&period;<&sol;li>&NewLine;<li>With Prósperos&comma; customers can say goodbye to slow and costly money-transfer solutions&comma; and their families no longer need to wait in line to pick up cash&period;<&sol;li>&NewLine;<li><u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4182645-1&amp&semi;h&equals;4051981615&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;prosperos&period;ai&percnt;2Ffaqs&amp&semi;a&equals;Within&plus;seconds&percnt;2C&plus;funds&plus;are&plus;available" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Within seconds&comma; funds are available<&sol;a><&sol;u> to family members in <span class&equals;"xn-location">Latin America<&sol;span>&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;Prósperos is building a transformative financial platform that will help millions of consumers in the <span class&equals;"xn-location">USA<&sol;span> and their families in <span class&equals;"xn-location">Mexico<&sol;span>&comma; Central and <span class&equals;"xn-location">South America<&sol;span>&period; We were highly impressed with the vision that the Prósperos founders laid out&&num;8221&semi; said <span class&equals;"xn-person">Jai Choi<&sol;span>&comma; General Partner at Tekton Ventures&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Prósperos&&num;8217&semi; mission statement to help Latinos achieve financial prosperity&comma; a vast underserved market&comma; and an experienced team with an execution track record resonated with us&period;&&num;8221&semi;  said Aditya Mishra&comma; General Partner at BAT VC&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The founders at Prósperos are bringing together a unique set of company building and fintech expertise in support of their mission&period; We trust that they are ideally positioned to deliver much needed innovative financial services to Latin American families&&num;8221&semi; said <span class&equals;"xn-person">Nicolas El Baze<&sol;span>&comma; Partner at FEBE Ventures&period;<&sol;p>&NewLine;<p>The company&&num;8217&semi;s leadership team deeply understands the needs of these consumers&comma; small businesses and enterprises and has decades of experience delivering financial solutions that serve their needs&period; Pai and Chavez are joined by <span class&equals;"xn-person">Sangam Singh<&sol;span> &lpar;Chief Technology Officer&rpar;&comma; <span class&equals;"xn-person">Eitan Anzenberg<&sol;span> &lpar;Chief Data Scientist&rpar; and <span class&equals;"xn-person">Netsai Massetti<&sol;span> &lpar;Chief Compliance Officer&rpar;&period; These five leaders have worked together for years and helped take their previous fintech company public in 2019&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This funding will enable Prósperos to deliver a transformative financial platform that is better&comma; faster and cheaper than current alternatives&period; We are already seeing strong demand for our financial platform&comma; which will begin rolling out in the coming weeks&period; We are excited to serve our customers and help them provide a better life for their families in the <span class&equals;"xn-location">USA<&sol;span> and <span class&equals;"xn-location">Latin America<&sol;span>&&num;8221&semi; said <span class&equals;"xn-person">Vinay Pai<&sol;span>&comma; CEO&period; &&num;8220&semi;Prósperos is deeply personal for me&period; My father worked on farms and eventually moved to construction&period; He never had access to the modern banking system and instead paid exorbitant fees for cashing checks and sending money to his family&period; Prósperos changes all of that&period;&&num;8221&semi; said <span class&equals;"xn-person">Salvador Chavez<&sol;span>&comma; COO&period;<&sol;p>&NewLine;