August 12, 2024 Repost from Kapital and Forbes -- AI-Driven Fintech company Kapital was named on the list of CNBC's 2024 Disruptor 50, a recognition given to the most innovative and fastest-growing private companies that are transforming their industries and changing the world.
“The CNBC Disruptor 50 list features companies that are not only revolutionizing their industries, but also redefining the global business landscape.” “We are incredibly honored to be recognized by CNBC as one of this year’s Disruptor 50 companies,” said Rene Saul, CEO and co-founder of Kapital. “This recognition is a testament to the dedication and creativity of our team, as well as the profound impact our fintech solutions are having on the industry.”
Kapital's inclusion on the list confirms its rapid growth and strong commitment to innovation in the banking sector, he added. “Kapital has distinguished itself by offering innovative solutions that allow companies to manage their access to their capital and finances efficiently and securely.”
“The company leverages data and AI to offer SMEs new opportunities to access and manage capital with sophisticated business technology that competes with what is typically only available to large companies through ERPs,” he explained.
With a Kapital account, SMEs can view and manage their business' cash flows on real-time dashboards, allowing them to secure short, medium and long-term financing as their operations allow.
“As Kapital continues to expand its reach and enhance its product offering, the company remains steadfast in its mission to revolutionize the financial sector and unlock the economic potential of the countries in which it operates,” he said.
For his part, Arjun Sethi, co-founder of Tribe Capital, Termina.ai and Kapital, mentioned that Kapital represents a unique opportunity, since Tribe's approach involves meticulously analyzing and creating companies with extraordinary and exponential growth models.
“Tribe saw that in Kapital, we invested, and I became a co-founder. Kapital surpassed $125 million in annual recurring revenue in just 19 months after its seed round. This is because its business model allows for reinvestment of its profits more quickly than its competitors, allowing for significant scalability across merchants , payments, gross merchandise value, consumers, and more,” explained the executive.
For his part, Fernando Sandoval, CFO and co-founder of Kapital, believes that the acquisition of Banco Autofin last year allowed them to unlock significant credit and balance sheet potential.
“Now, the goal is to continue expanding this opportunity to the underserved markets in which we operate and are entering, including Colombia and Peru.”
Kapital also said it is proud to be the only Mexican company participating in the upcomingFortune Future of FinanceSummit on May 16, where Fernando Sandoval, CFO and co-founder of Kapital, will be part of the panel “Building an AI Workforce,” and will talk about how companies in the financial sector can adapt and retrain their staff to work with artificial intelligence.
“This event not only demonstrates Kapital’s interest in leading the convergence between technology and finance, but also underlines its mission to innovate and explore new trends within the sector.”
Kapital added that it joins an impressive list of companies that have appeared on the list over the years, including OpenAI, Stripe and Scale AI, among others.
See the full list of 2024 CNBC Disruptor 50 companies.