The Mexican unicorn Kavak made public the official start of its operations in Brazil. The country is the world's third-largest automobile market in terms of sales volume and the largest economy in Latin America.
Leading Automotive E-commerce in Latin America in Just Four Years
Kavak, aimed to bring transparency to the used car market in Latin America, works to guarantee reliable and secure transactions that help reduce the risk of fraud, mechanical, or security problems. Founded in 2016, it also offers access to financing through its financial technology division, Kavak Capital.
$485 Million in New Series D Funding Round
This new round was led by D1Capital Partners, Ribbit, Bond, and Founders Fund. With its series D funding round closed, Kavak’s total capital raised to date t...
