Prósperos Raises $3M Seed Funding

Prósperos, a Los Altos, CA-based technology company that delivers a financial platform for the Spanish-speaking Western hemisphere, raised $3M in Seed funding.

Backers included FEBE Ventures, BAT VC, Tekton Ventures, Courtyard Ventures and technology executives.

The company intends to use the funds to expand operations and its development efforts.

Founded in 2023 by Vinay Pai and Salvador Chavez, Prósperos is delivering an innovative financial platform that allows millions of Latinos to manage their finances while taking care of their family in the USA and Latin America. By leveraging industrial-strength financial technology and AI models, it replaces remittances with a solution that also allows customers to save for their financial future.

The platform provides two bank accounts and two cards– one for the account holder in the USA and one for their family in Mexico, and soon Central and South America. Within seconds, funds are available to family members in Latin America.

Commenting on the news, Vinay Pai said: “This funding will enable Prósperos to deliver a transformative financial platform that is better, faster and cheaper than current alternatives. We are already seeing strong demand for our financial platform, which will begin rolling out in the coming weeks. We are excited to serve our customers and help them provide a better life for their families in the USAand Latin America.”